3.0.0 4645 2025-05-27T14:15:09Z 2025-05-27T14:15:09Z House H HR 2023-07-14 118 <pre>[Congressional Record Volume 169, Number 121 (Friday, July 14, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. HUIZENGA:H.R. 4645.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18:To make all Laws which shall be necessary and proper forcarrying into Execution the foregoing Powers, and all otherPowers vested by this Constitution in the Government of theUnited StatesThe single subject of this legislation is:This bill requires passive index funds to default theirproxy voting to support management recommendations unlessspecific voting instructions are received from theshareholder.[Page H3613]</pre> hsba00 Financial Services Committee House Standing Referred To 2023-07-14T13:02:50Z 118 4767 HR 2023-12-19 Placed on the Union Calendar, Calendar No. 263. Related bill CRS 2023-07-14 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-07-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-07-14 Introduced in House IntroReferral 1000 9 Library of Congress H001058 Rep. Huizenga, Bill [R-MI-4] Bill Huizenga R MI 4 N Finance and Financial Sector Finance and Financial Sector 2023-08-22T17:30:27Z

00 2023-07-14 Introduced in House 2024-04-19T18:51:26Z <p><b>Empowering Shareholders Act of 2023 </b></p> <p>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 must (1) vote shares according to instructions from the beneficial owner of the securities, (2) vote shares according to the voting instructions of the issuer, or (3) abstain from voting. </p> <p>The bill establishes an exemption for routine matters, such as an election to the board of directors. Additionally, the bill establishes a safe harbor from liability for investment advisers for (1) not soliciting voting instructions from beneficial owners, (2) voting shares according to the voting instructions of the issuer, or (3) abstaining from voting. </p>

Display Title 45 2024-07-24T15:21:00Z Short Title(s) as Introduced 101 2024-05-24T13:37:45Z Introduced in House IH Official Title as Introduced 6 2024-03-18T21:09:08Z Introduced in House IH Introduced in House 2023-07-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr4645ih/xml/BILLS-118hr4645ih.xml 2023-07-14 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.