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Increased Investor Influence in Passively Managed Funds

This act aims to give individual investors more say in decisions made by large investment funds, especially those that are passively managed. If you own shares in such a fund, you will have greater control over how the shares of the companies the fund invests in are voted. This means your opinion will carry more weight in matters concerning the companies in which you indirectly hold stakes.
Key points
Investors in passively managed funds (e.g., index-tracking funds) will gain the right to direct how the shares of companies the fund invests in are voted.
Investment advisers will be required to provide voting materials and collect instructions from investors, rather than making decisions independently.
The act seeks to increase transparency and accountability in the management of large stock portfolios, empowering individual investors.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1670
Sponsor: Sen. Sullivan, Dan [R-AK]
Process start date: 2025-05-08
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Summarized by: gemini-2.5-flash
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 119_S_1670.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-08.

What are the main provisions?

Key points include:

  • Investors in passively managed funds (e.g., index-tracking funds) will gain the right to direct how the shares of companies the fund invests in are voted.
  • Investment advisers will be required to provide voting materials and collect instructions from investors, rather than making decisions independently.
  • The act seeks to increase transparency and accountability in the management of large stock portfolios, empowering individual investors.
What is the specific legal status?

The current status is Introduced.

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 Sen. Sullivan, Dan [R-AK].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy