S. 1670In CommitteeFINANCE AND FINANCIAL SECTOR
INDEX Act
Key facts
Introduced: May 8, 2025
Chamber: Senate
Cosponsors: 9
Congress: 119th
Latest action · May 8, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
INvestor Democracy is EXpected Act or the INDEX Act
This bill establishes guidelines for passively managed funds (e.g., index funds) that vote shares on behalf of fund investors in proxy shareholder votes. Under the bill, these funds generally must vote shares on a proportional basis according to instructions from fund investors.
The bill establishes an exemption for routine matters and matters requiring approval of a majority of outstanding securities. Additionally, the bill establishes a safe harbor from these requirements for investment advisers.
Summary by Congressional Research Service.
Timeline
- May 8, 2025Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- May 8, 2025Introduced in Senate
Cosponsors
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