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AI Summary: This is a policy document - specifically an Executive Order (EO 14366) addressing proxy advisors in the United States. This regulation aims to increase oversight of proxy advisory firms, particularly focusing on two foreign-owned companies that control over 90 percent of the proxy advisor market: Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC. The order directs multiple federal agencies to review and potentially revise regulations related to proxy advisors, with specific emphasis on addressing concerns about politicized investment advice and potential conflicts of interest. The Securities and Exchange Commission (SEC) is instructed to review rules about proxy advisors and shareholder proposals, enforce anti-fraud provisions, and assess registration requirements. The Federal Trade Commission (FTC) is tasked with investigating potential anticompetitive practices, and the Department of Labor is directed to strengthen fiduciary standards for pension and retirement plans. The regulation specifically targets what it describes as "politically-motivated" investment practices, particularly around "diversity, equity, and inclusion" and "environmental, social, and governance" factors, with the stated goal of prioritizing investor returns and ensuring transparency in proxy advisory services.