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

“Protecting American Investors from Foreign-Owned and Politically-Motivated Proxy Advisors”Target of the orderFocuses on two major, foreign‑owned proxy advisory firms:States they control over 90% of the proxy advisor market and heavily influence:Core concernClaims these firms use their power to push “radical politically‑motivated agendas” (DEI and ESG) instead of focusing on maximizing investor returns.Cites examples: racial‑equity audit proposals, greenhouse‑gas reduction demands, board diversity guidance.Raises concerns about conflicts of interest, quality of recommendations, and lack of transparency.SEC directives (Section 2)Review and possibly roll back rules and guidance on:Especially where they support DEI/ESG agendas.Consider actions to:FTC & Antitrust focus (Section 3)FTC (with DOJ) to:Labor/ERISA and pensions (Section 4)Directs the Secretary of Labor to:Overall effectSeeks to: