Protecting American Investors from Foreign-Owned and Politically-Motivated Proxy Advisors

The order directs federal agencies to increase oversight of proxy advisors, particularly those foreign-owned and influencing large U.S. companies. The Securities and Exchange Commission (SEC) is instructed to review, and potentially revise or rescind, rules and guidelines related to proxy advisors and shareholder proposals, particularly those involving "diversity, equity, and inclusion" and "environmental, social, and governance" policies. The SEC is also directed to enforce anti-fraud provisions, consider requiring registration for certain proxy advisors, and enhance transparency requirements. The Federal Trade Commission (FTC) is instructed to review state antitrust investigations into proxy advisors for potential federal violations.