S 1670 119th Congress Senate Finance and Financial Sector

INDEX Act

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

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.

Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

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 May 8, 2025

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

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 4

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

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