Empowering Shareholders Act of 2026

This bill changes federal investment law to set rules for how investment advisers vote shares held by passively managed funds, such as index funds, on non-routine company matters. For those votes, the adviser must either follow the instructions of the fund's investors, vote as the company's board recommends, abstain while still counting toward a quorum, or have votes mirror how other shareholders voted. Advisers who vote in one of these ways could not be held legally liable for those votes. Advisers must give investors a form to pick a published voting policy and at least 5 business days to return it. The rules would take effect one year after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Bill Huizenga Republican sponsor
• 0 cosponsors