# 2025-23093: Feds Shield Wallets from Woke Proxy Puppeteers Abroad 2025-23093, Protecting American Investors From Foreign-Owned and Politically-Motivated Proxy Advisors, is a Federal Register presidential document from Executive Office of the President published 2025-12-16, effective 2025-12-11; PRIA reads it as touching household money (as of 2026-11-04). - Canonical: https://policyrisk.com/federal-register/2025-23093 - As of: 2026-11-04 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Document number: 2025-23093 - Title: Protecting American Investors From Foreign-Owned and Politically-Motivated Proxy Advisors - Type: Presidential Document - Agencies: Executive Office of the President - Citation: 90 FR 58503 - Published: 2025-12-16 - Effective: 2025-12-11 - Comments close: not stated - Significant: no - Touches household money: yes - Regulation identifier numbers: none - Last updated: 2026-11-04 ## In one line Feds Shield Wallets from Woke Proxy Puppeteers Abroad ## Summary This new order targets big foreign-owned proxy advisors who influence how millions of Americans’ investments are voted on, often pushing political agendas instead of focusing on returns. The SEC will review and update rules to make these advisors more transparent, accountable, and fair. These changes aim to protect investors’ money and trust, with actions starting soon and no direct cost to investors. ## Effects PRIA read - SEC to Revisit Proxy Advice Rules: benefit, medium. The Securities and Exchange Commission (SEC) will review and may revise or rescind rules, regulations, guidance, bulletins, and memoranda relating to proxy advisors and shareholder proposals, including Rule 14a-8 (17 CFR 240.14a-8). This review is to be done consistent with the Administrative Proce… - SEC Enforcement Against Fraudulent Proxy Advice: benefit, medium. The SEC will enforce the Federal securities laws' anti-fraud provisions against material misstatements or omissions in proxy advisors' voting recommendations. That enforcement targets misleading or incomplete proxy voting advice that could affect the value of investments such as 401(k)s and IRAs. - Possible RIA Registration for Proxy Advisors: benefit, medium. The SEC will assess whether proxy advisors whose activities fall within the scope of the Investment Advisers Act of 1940 should be required to register as Registered Investment Advisers. Registration would subject those proxy advisors to the Investment Advisers Act and related rules. - Higher Transparency on DEI and ESG Advice: benefit, medium. The SEC will consider requiring proxy advisors to provide increased transparency on their recommendations, methodologies, and conflicts of interest, especially regarding “diversity, equity, and inclusion” and “environmental, social, and governance” factors. The order directs analysis and potential… - FTC Probe of Anticompetitive Proxy Practices: benefit, medium. The Federal Trade Commission (FTC), in consultation with the Attorney General, will review state antitrust investigations and investigate whether proxy advisors engage in unfair methods of competition or unfair or deceptive acts that harm U.S. consumers, including conspiring to diminish the value o… - Labor Dept. to Strengthen ERISA Fiduciary Rules: benefit, high. The Secretary of Labor will review and take steps to revise regulations and guidance about the fiduciary status of individuals who manage or advise on rights appurtenant to shares held by ERISA-covered plans, including proxy votes and corporate engagement. The Department will consider specifying th… ## Related documents - [2026-22385](https://policyrisk.com/federal-register/2026-22385): Adjusting Imports of Robotics, Industrial Machinery, and Their Parts and Components Into the United States, 2026-11-02 - [2026-22292](https://policyrisk.com/federal-register/2026-22292): Further Modifying the Scope of Products of Canada Subject to the Additional Duties Imposed To Offset Canadian Discrimination Against the Co…, 2026-10-30 - [2026-22051](https://policyrisk.com/federal-register/2026-22051): Decreasing Housing Costs for the American People, 2026-10-28 - [2026-22052](https://policyrisk.com/federal-register/2026-22052): Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended, on Domestic Petroleum Production, Ref…, 2026-10-28 - [2026-22049](https://policyrisk.com/federal-register/2026-22049): Adjusting Imports of Wind Turbines and Their Parts and Components Into the United States, 2026-10-28 - [2026-22050](https://policyrisk.com/federal-register/2026-22050): National Seafood Month, 2026, 2026-10-28 ## Sources - [2025-23093 on federalregister.gov](https://www.federalregister.gov/documents/2025/12/16/2025-23093/protecting-american-investors-from-foreign-owned-and-politically-motivated-proxy-advisors) - [2025-23093 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-12-16/pdf/2025-23093.pdf) ## Related - [Previous: 2025-23092, Ensuring a National Policy Framework for Artificial Intelligence](https://policyrisk.com/federal-register/2025-23092) - [Next: 2025-23416, Bill of Rights Day, 2025](https://policyrisk.com/federal-register/2025-23416) - [All Federal Register documents](https://policyrisk.com/federal-register) Source: PRIA, https://policyrisk.com/federal-register/2025-23093 (as of 2026-11-04).