Voice your opinion on congressional bill S2700-118 and let lawmakers know your stance with UnPac!

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.

Senate Actions

IntroReferral
Jul. 27 2023	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Library of Congress Actions

IntroReferral
Jul. 27 2023	Introduced in Senate

Senate bill S2700-118

INDEX Act

Promote the cause!

Or use this QR code