Empowering Shareholders Act of 2023

referredUnited States· United States Congress· EN

Introduced

14 July 2023

Last action

14 July 2023 · Introduced

Status

Referred to the House Committee on Financial Services.

Summary

Empowering Shareholders Act of 2023 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. 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

14 July 2023
Introduced
Introduced in House
Source: IntroReferral
14 July 2023
Introduced
Introduced in House
Source: IntroReferral
14 July 2023
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 14 July 2023 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 14 July 2023
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Introduced in House (PDF)
Introduced in House · EN · 14 July 2023
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Introduced in House
summary · EN · 14 July 2023
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to ← Protecting Americans’ Retirement Savings from Politics Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/118th-congress/house-bill/4645
Open data entity: https://api.congress.gov/v3/bill/118/hr/4645
us · 118-hr-4645 · source updated 27 May 2025