Gives investors more say in how their passively managed funds vote on company issues.
This bill would give individual investors more say in how their money is voted in passively managed funds. Currently, investment advisers typically make these decisions. The bill would require advisers to follow investor instructions or other specific voting methods, making proxy voting more transparent.
Today, investment advisers generally have the freedom to decide how to vote proxies for passively managed funds, following their own policies. If this bill passes, investment advisers would be required to vote shares in these funds according to specific options. They could follow the individual investor's instructions, the company's board recommendations, abstain from the vote, or use mirror voting. Advisers would also need to offer investors a form to select a voting policy and allow at least 5 business days for a response.
HR 8265 · 119th Congress · April 14, 2026 · AI Summary by gemini-2.5-flash · 9/10
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