S. 1670: INDEX Act
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-05-08 |
| Sponsor | Sen. Sullivan, Dan [R-AK] |
| Policy area | Finance and Financial Sector |
| Cosponsors | 9 |
| Latest action | 2025-05-08 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| Last updated | 2026-04-30 |
Summary
Official summary (Introduced in Senate, 2025-05-08):
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.
Cosponsors (9)
| Name | Party / state |
|---|---|
| Steve Daines | R MT (original cosponsor) 2025-05-08 |
| John Cornyn | R TX (original cosponsor) 2025-05-08 |
| Bill Cassidy | R LA (original cosponsor) 2025-05-08 |
| Thom Tillis | R NC (original cosponsor) 2025-05-08 |
| Rick Scott | R FL (original cosponsor) 2025-05-08 |
| John Kennedy | R LA (original cosponsor) 2025-05-08 |
| Bill Hagerty | R TN (original cosponsor) 2025-05-08 |
| Chuck Grassley | R IA (original cosponsor) 2025-05-08 |
| Kevin Cramer | R ND 2025-05-13 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 1670 are published by Congress on congress.gov.
View S. 1670 on congress.gov →
Frequently asked questions
What is S. 1670?
S. 1670 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: INDEX Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 1670 are available on congress.gov.
Bill data: congress.gov API (official congressional records).