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Increased Investor Control Over Passively Managed Funds

New rules aim to give individual investors more say in how shares are voted within passively managed funds. This means if you own shares in such a fund, you might have more influence over how the fund votes on important corporate matters of the companies it invests in.
Key points
Investors in passively managed funds (e.g., index funds) will gain the right to direct how shares held by these funds are voted.
Funds will be required to provide voting materials to investors and allow them time to make decisions.
The changes are intended to increase shareholder democracy and influence over corporate governance.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_8521
Sponsor: Rep. Huizenga, Bill [R-MI-2]
Process start date: 2022-07-27
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

INDEX Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8521.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-07-27.

What are the main provisions?

Key points include:

  • Investors in passively managed funds (e.g., index funds) will gain the right to direct how shares held by these funds are voted.
  • Funds will be required to provide voting materials to investors and allow them time to make decisions.
  • The changes are intended to increase shareholder democracy and influence over corporate governance.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Huizenga, Bill [R-MI-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy