119th Congress
S. 1670
INDEX Act
- Introduced
- In committee
- Passed Senate
- Passed House
- To President
- Became law
- Sponsor
- Dan Sullivan(R-AK)
- Introduced
- May 8, 2025
- Policy area
- Finance and Financial Sector
- Committees
- Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Introduced in Senate · Congress.gov page
Cosponsors (9)
Original cosponsors (8)
- Bill Cassidy (R-LA)
- Bill Hagerty (R-TN)
- Chuck Grassley (R-IA)
- John Cornyn (R-TX)
- John Kennedy (R-LA)
- Rick Scott (R-FL)
- Steve Daines (R-MT)
- Thom Tillis (R-NC)
Added later (1)
- Kevin Cramer (R-ND) · May 13, 2025
Summary
Summary by the Congressional Research Service· describes the “Introduced in Senate” version
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.
Roll-call votes
No recorded votes on this bill.
Actions
- May 8, 2025 · Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - May 8, 2025
Introduced in Senate