Govwatch

Introduced

In Committee

3

Passed One Chamber

4

Passed Both

5

Signed into Law

Sponsor

Dan Sullivan

Republican · AK · Senator

Votes with party: 72.7% (838 recorded votes)

Top industries funding sponsor:

Conservative Groups$4,600k

Full profile: /officials/S001198

Source: Congress.gov · FEC

Cosponsors (9)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2025-05-08

Source: Congress.gov

Committee Activity

Currently in

Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2025-05-08

Previously

Banking, Housing, and Urban Affairs CommitteeReferred To · 2025-05-08

Plain-English 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.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Subjects

Finance and Financial Sector

Full bill text is not yet cached locally.

Open text view Read on Congress.gov

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