S.1670

The INDEX Act requires investment advisers for passively managed funds to arrange for pass-through voting of proxies for certain securities.

The INDEX Act amends the Investment Advisers Act of 1940 to require investment advisers for passively managed funds to arrange for pass-through voting of proxies for certain securities. It defines "covered security" and "passively managed fund," and outlines requirements for investment advisers to obtain voting instructions from security holders. The bill also includes provisions for electronic delivery of materials, dissemination of information, and exceptions for certain matters. The act takes effect two years after enactment.