Protecting American Investors From Foreign-Owned and Politically-Motivated Proxy Advisors
This executive order directs the SEC, FTC, and Department of Labor to increase oversight of foreign-owned proxy advisors ISS and Glass Lewis, which control over 90% of the market. It mandates reviews and potential revisions of rules on proxy advisors and shareholder proposals, with particular focus on eliminating "diversity, equity, and inclusion" and "environmental, social, and governance" factors from investment advice, and requires antitrust and fiduciary investigations.