Fact Sheet: President Donald J. Trump Protects American Investors from Foreign-Owned and Politically-Motivated Proxy Advisors

Fact Sheet: President Donald J. Trump Protects American Investors from Foreign-Owned and Politically-Motivated Proxy Advisors1. Protecting investors and retirement savingsTrump signed an Executive Order aimed at proxy advisory firms that the White House says put “radical” DEI/ESG politics ahead of investment returns.The Order tells the SEC Chairman to:Review and, where appropriate, rescind or revise rules on:Enforce anti‑fraud provisions against proxy advisors’ voting recommendations.Consider:The Order directs the FTC (with DOJ) to:Review state antitrust investigations of proxy advisors for possible federal antitrust violations.Determine whether proxy advisors engage in unfair, deceptive, or anticompetitive practices.It directs the Secretary of Labor to:Strengthen ERISA fiduciary rules.Increase transparency about how ERISA fiduciaries use proxy advisors.Ensure proxy advisors and plan managers act solely in the financial interests of workers and retirees.The fact sheet singles out two foreign‑owned firms, ISS and Glass Lewis, which:It claims:Frames the EO as part of Trump’s broader effort to:Highlights:2. Restoring confidence in proxy advisors3. Building wealth for all Americans