Empowering Shareholders Act of 2023

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 4645 Introduced in House (IH)] <DOC> 118th CONGRESS 1st Session H. R. 4645 To amend the Investment Advisers Act of 1940 with respect to proxy voting of passively managed funds, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 14, 2023 Mr. Huizenga introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Investment Advisers Act of 1940 with respect to proxy voting of passively managed funds, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Empowering Shareholders Act of 2023''. SEC. 2. PROXY VOTING OF PASSIVELY MANAGED FUNDS. (a) In General.--The Investment Advisers Act of 1940 (15 U.S.C. 80b-1 et seq.) is amended by inserting after section 208 (15 U.S.C. 80b-8) the following: ``SEC. 208A. PROXY VOTING OF PASSIVELY MANAGED FUNDS. ``(a) Investment …