S. 1670 119th Congress Senate

INDEX Act

Official title: 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 fo… Show full official titleShow less

Official title: 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.

Introduced: May 8, 2025 Introduced by: Dan Sullivan Republican · Alaska See on congress.gov

Finance and Financial Sector

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 8, 2025

Introduced in Senate

May 8, 2025

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

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What's happening now May 8, 2025

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

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.

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Banking, Housing, and Urban Affairs Committee
Senate

Lobbying activity 5

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

VANGUARD GROUP
for VANGUARD GROUP · Pennsylvania · 3rd Quarter 2026 (July 1 - Sep 30)
VANGUARD GROUP
for VANGUARD GROUP · Pennsylvania · 2nd Quarter 2026 (Apr 1 - June 30)
VANGUARD GROUP
for VANGUARD GROUP · Pennsylvania · 1st Quarter 2026 (Jan 1 - Mar 31)
VANGUARD GROUP
for VANGUARD GROUP · Pennsylvania · 4th Quarter 2025 (Oct 1 - Dec 31)
VANGUARD GROUP
for VANGUARD GROUP · Pennsylvania · 3rd Quarter 2025 (July 1 - Sep 30)

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
5 filings
Securities & Exchange Commission (SEC)
5 filings
SENATE
5 filings
Treasury, Dept of
5 filings
Natl Economic Council (NEC)
4 filings
Labor, Dept of (DOL)
3 filings
Federal Energy Regulatory Commission (FERC)
2 filings
Federal Reserve System
1 filing

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

Cosponsors 9