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

President Donald Trump issued an order aimed at increasing oversight of foreign-owned proxy advisory firms that influence shareholder voting in major U.S. companies. The order directs the Securities and Exchange Commission (SEC) to review and potentially revise regulations related to proxy advisors, particularly those promoting "diversity, equity, and inclusion" and "environmental, social, and governance" agendas, to ensure investor returns remain the priority. It also calls for the Federal Trade Commission (FTC) to investigate potential antitrust violations by these firms and mandates the Department of Labor to strengthen fiduciary standards for pension and retirement plans. The goal is to enhance transparency and accountability in the proxy advisory industry, protecting American investors from politically-motivated advice.