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

This EO directs increased federal oversight and regulation of proxy advisory firms, citing concerns that their guidance to shareholders is politicized and may compromise investor returns. The order instructs the SEC, FTC, and DOL to consider revising related regulations, enhance transparency, investigate anticompetitive and deceptive practices, and strengthen fiduciary standards to ensure proxy advisors act solely in clients' financial interests. Its aim is to restore public confidence in the industry by prioritizing investor protection, accountability, and competition.

• SEC
• FTC
• DOL

Immediate.

None.

No known legal challenges.