legislation: 117-hr-8521

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
117-hr-8521 117 hr 8521 INDEX Act Finance and Financial Sector 2022-07-27 2022-07-27 Referred to the House Committee on Financial Services. House Rep. Huizenga, Bill [R-MI-2] MI R H001058 2 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. 2023-09-01T13:45:20Z https://www.congress.gov/bill/117th-congress/house-bill/8521

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