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HR 8521 117th Congress House Finance and Financial Sector Financial services and investments Securities

INDEX Act

Introduced: July 27, 2022 Introduced by: Huizenga, Bill Republican · Michigan See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2022
Referred to the House Committee on Financial Services.
Jul 27, 2022
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now July 27, 2022

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1