S. 1670 · 119th Congress
INDEX Act
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Not yet voted on. This bill is still a proposal: it hasn't reached a floor vote, and its text can change in committee or on the floor before any vote.
R
SullivanSponsor9 cosponsors · 9 R
R
Cornyn
BC
R
Cassidy
SD
R
Daines
CG
R
Grassley
BH
R
Hagerty
JK
R
Kennedy
RS
R
Scott
TT
R
Tillis
KC
R
Cramer8 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in Senate · May 8, 2025
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: INDEX Act
Also known as: INvestor Democracy is EXpected Act
Latest action (May 8, 2025): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: May 8, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.