INDEX Act

Hozzl · 2025-06-04T17:03:42Z

Explore the details of Senate Bill 1670 INDEX Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

6/4/2025, 5:03 PM

Summary of Bill S 1670

This bill, titled "A bill to amend the Investment Advisers Act of 1940," was introduced in the 119th session of Congress with the designation S. 1670 on May 8, 2025. The bill aims to require investment advisers for passively managed funds to arrange for pass-through voting of proxies for certain securities, among other purposes.

Congressional Summary of S 1670

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.

Read the Full Bill

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Current Status of Bill S 1670

Bill S 1670 is currently in the status of Bill Introduced since May 8, 2025. Bill S 1670 was introduced during Congress 119 and was introduced to the Senate on May 8, 2025. Bill S 1670's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of May 8, 2025

Bipartisan Support of Bill S 1670

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 1670

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 1670

A bill to amend the Investment Advisers Act of 1940 to require investment advisers for passively managed funds to arrange for pass-through voting of proxies for certain securities, and for other purposes.

Comments

Jiraiya Pitts

1,055

1 year ago

I don't like this new bill. It's gonna mess with my investments and I don't want that. It's just gonna make things more complicated for me and I don't need that stress. #notcool