This is something that I will look into much more deeply.
Look into proxy advisory firms more deeply.
Occurrences
Evidence
unverified · Source version 1482 · locator unknown
Hagerty said he had recently met with the Business Roundtable about proxy advisors and added, "This is something that I will look into much more deeply."
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Hagerty's office said he sent a letter urging DOJ and FTC to investigate ISS and Glass Lewis for antitrust violations and described this as part of his ongoing effort on proxy-advisor abuses.
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Hagerty said he had recently met with the Business Roundtable about proxy advisors, argued their influence may be abused, and said he would look into the issue more deeply.
unverified · Source version 63837 · locator unknown
Hagerty and Representative Bryan Steil sent ISS a letter demanding information and documents about proxy voting services; Hagerty's office described the action as launching a probe into ISS's proxy voting services.
unverified · Source version 2212 · locator unknown
Hagerty's letter to DOJ and FTC identified ISS and Glass Lewis, discussed market concentration, conflicts of interest, coordination concerns, and robovoting, and urged federal antitrust investigation of the firms.
unverified · Source version 16827 · locator unknown
Hagerty's office said he was head of the Senate Banking Committee working group on proxy advisors and sent a letter urging DOJ and FTC to investigate ISS and Glass Lewis for antitrust violations.
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Executive Order 14366 directed the SEC to review proxy-advisor rules and directed the FTC, in consultation with DOJ, to investigate whether proxy advisors engage in unfair competition or deceptive practices.
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The White House fact sheet said the order directed the FTC and Attorney General to review state antitrust investigations and determine whether proxy advisors engaged in unfair competition or deceptive practices.
unverified · Source version 1482 · locator unknown
Hagerty discussed proxy advisory firms, said he had recently met with the Business Roundtable about the issue, and said he would look into proxy advisors much more deeply.
unverified · Source version 16827 · locator unknown
Hagerty's office said he was head of the Senate Banking Committee working group on proxy advisors and had sent DOJ and FTC a letter urging investigation of ISS and Glass Lewis for antitrust violations.
unverified · Source version 2212 · locator unknown
Hagerty's letter identified ISS and Glass Lewis, described market concentration, conflicts of interest, coordination concerns, and robovoting, and urged DOJ and FTC to investigate the firms and promote competition in the proxy advisory market.
unverified · Source version 63837 · locator unknown
Hagerty and Representative Bryan Steil sent ISS a letter demanding information and documents about proxy voting services, fiduciary duties, ESG recommendations, and shareholder-value analysis.
unverified · Source version 43175 · locator unknown
Executive Order 14366 directed the SEC to review rules and guidance relating to proxy advisors and directed the FTC, in consultation with the Attorney General, to investigate whether proxy advisors engage in unfair competition or deceptive practices.
verified · Source version 16827 · locator 1097
head of the committee’s working group on proxy advisors, sent a letter to Attorney General Pamela Bondi and Federal Trade Commission Chairman Andrew Ferguson
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sent a letter to the President & CEO of Institutional Shareholder Services (ISS) Gary Retelny demanding information and documents
verified · Source version 63839 · locator 11494
The Commission is investigating, among other things, whether ISS is operating consistent with that duty.
verified · Source version 63840 · locator 5927
The SEC’s filing requests that the Court enter an order compelling ISS to comply with the administrative subpoena.
verified · Source version 63842 · locator 5530
the concentration of market power in the proxy advisory market raises significant competition concerns.
unverified · Source version 63844 · locator unknown
ISS today submitted a brief in the U.S. District Court for the Eastern District of Pennsylvania challenging an unconstitutional demand
Assessments
Hagerty made concrete same-term oversight efforts on proxy advisory firms that go beyond an intent statement: he led a Senate Banking Committee working group on proxy advisors, sent detailed letters seeking information from ISS, and urged DOJ and FTC to investigate ISS and Glass Lewis for antitrust issues. Because the promise was to look into the issue more deeply rather than secure a specific enacted policy result, these investigative and oversight actions are enough to count as delivered. Broader executive-branch action also addressed the issue, but the delivery finding rests mainly on Hagerty's own direct oversight activity.
The promise was narrow and oversight-focused: to look into proxy advisory firms more deeply. During Hagerty's Senate term, he materially advanced that scrutiny by helping lead a Senate Banking Committee working group on proxy advisors, sending ISS a document-and-information demand, and later sending DOJ and FTC a detailed letter urging investigation of ISS and Glass Lewis over market concentration, conflicts, coordination, and robovoting concerns. Those are concrete investigative and oversight actions, not merely statements of intent, so the promise is best scored as delivered in the same term.
As a sitting senator, Hagerty did more than express interest: he met with stakeholders and formally urged DOJ and FTC to investigate ISS and Glass Lewis. That is a concrete follow-through on looking into proxy advisory firms more deeply, even though it does not amount to a completed policy outcome.
Hagerty publicly said he would look into proxy advisors more deeply, and he later took a concrete oversight step by urging DOJ and FTC to investigate ISS and Glass Lewis for antitrust violations. For this low-specificity oversight claim, that is enough to count as delivered in his current Senate term.