INDEX Act
Introduced May 8, 2025 by Sen. Dan Sullivan
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
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.
Summary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.