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BlackRock, Vanguard could see voting power curbed as lawmakers line up new rules
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fnlondon.comA group of Republican senators is looking to curtail the power that big asset managers such as BlackRock and Vanguard have over public companies.
In legislation introduced 18 May, Senator Dan Sullivan calls for voting choice to be made available to individual investors in passive funds when money managers own more than 1% of a company’s voting securities.
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