DITCH Act

This bill restricts tax-exempt organizations (like charities and nonprofits) from holding investments in certain Chinese companies. It defines "disqualified Chinese companies" as those incorporated in China, controlled by the Chinese government or Communist Party, or with significant Chinese state ownership. Organizations must report any such holdings annually and may seek limited waivers for specific investments, but waivers require justification and expire after six months. The Treasury must publish quarterly lists of approved waivers and annual reports on U.S. investments in China. The law applies to taxable years ending after its enactment, with a 270-day grace period for compliance.