Senate Bill Introduced Require Passively-Managed Funds
Last week a bill was introducued to require passively managed funds to vote proxies as instructed by their investors. The Bill Contains coverage of covered funds. 1% Voting power limitations, Routine Matters Exception, Mirror Voting Exception,Cost Burden and Safe Harbor
Vanguard Total Stock Market Index Fund Recovered Funds Voting Power Limitation Matters Exception Voting Exception Broker Obligations
Source: natlawreview.com