# 119-s-1670: INDEX Act

119-s-1670, INDEX Act, is a 119th Congress bill sponsored by Sen. Sullivan, Dan [R-AK] (R-AK); status introduced; PRIA reads it as touching household money (as of 2026-05-02).

- Canonical: https://policyrisk.com/legislation/119-s-1670
- As of: 2026-05-02
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1670
- Congress: 119
- Title: INDEX Act
- Status: introduced
- Introduced: 2025-05-08
- Sponsor: Sen. Sullivan, Dan [R-AK] (R-AK)
- Cosponsors: 9
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-05-02

## Summary

**New proxy voting rules for passively managed funds** would require these funds to collect investors' voting instructions and to vote proportionally when their combined holdings exceed 1% of a company's voting power. The bill defines which funds count as "passive" and sets rules for delivering proxy materials and handling solicitations. - Investors in passive, index-tracking funds would get direct voting control. Advisers must follow holders' instructions and cannot cast the portion of votes for which they receive no instructions when combined adviser-controlled voting exceeds 1%. - Advisers and passively managed funds would have new administrative duties. They must solicit and deliver proxy materials, may provide third-party voting recommendations non-discriminatorily, and could bear related expenses. The bill also bars seeking reimbursement from issuers and limits partial solicitations. - Funds that hold other funds would need to pass voting instructions through. Advisers of holding funds must obtain and transmit holders' instructions for votes of the held fund.

## Cosponsors (9)

- Sen. Daines, Steve [R-MT] (R-MT), 2025-05-08T00:00:00.000Z
- Sen. Cornyn, John [R-TX] (R-TX), 2025-05-08T00:00:00.000Z
- Sen. Cassidy, Bill [R-LA] (R-LA), 2025-05-08T00:00:00.000Z
- Sen. Tillis, Thomas [R-NC] (R-NC), 2025-05-08T00:00:00.000Z
- Sen. Scott, Rick [R-FL] (R-FL), 2025-05-08T00:00:00.000Z
- Sen. Kennedy, John [R-LA] (R-LA), 2025-05-08T00:00:00.000Z
- Sen. Hagerty, Bill [R-TN] (R-TN), 2025-05-08T00:00:00.000Z
- Sen. Grassley, Chuck [R-IA] (R-IA), 2025-05-08T00:00:00.000Z
- Sen. Cramer, Kevin [R-ND] (R-ND), 2025-05-13T00:00:00.000Z

## Provisions PRIA read

- New proxy rules for index funds: benefit, high. If enacted, this bill would add new proxy-vote rules for passively managed and other "qualified" funds. Advisers that control more than 1 percent of a company's voting power would have to cast votes proportional to instructions from fund holders or economic-interest holders. A "passively managed fu…

## Related bills

- 119-s-1071: National Defense Authorization Act for Fiscal Year 2026
- 119-s-1748: Kids Online Safety Act
- 119-s-401: Fair Access to Banking Act
- 119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2025
- 119-s-6: Born-Alive Abortion Survivors Protection Act
- 119-s-213: Main Street Tax Certainty Act

## Sources
- [119-s-1670 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1670)

## Related
- [119-s-1071: National Defense Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-1071)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-401: Fair Access to Banking Act](https://policyrisk.com/legislation/119-s-401)
- [119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of…](https://policyrisk.com/legislation/119-s-186)
- [119-s-6: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-s-6)
- [119-s-213: Main Street Tax Certainty Act](https://policyrisk.com/legislation/119-s-213)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1670 (as of 2026-05-02).