The recent executive order issued by Trump increases White House control over independent regulatory agencies such as the FDIC, SEC, and CFTC. While it allows the President to oversee these agencies' regulatory functions, their role in monetary policy remains unaffected. Historically, independent agencies operated with autonomy after presidential appointments, guiding regulatory actions while remaining insulated from direct political influence. Trump's order disrupts this framework, asserting that agency independence undermines accountability and efficiency. Critics argue this challenges a bipartisan tradition of independent regulation, established to serve the American economic interest.
Trump seeks to upend the independence of regulatory agencies with an order that mandates White House oversight on proposed regulations and performance standards.
The executive order challenges a longstanding bipartisan consensus on the structural independence of agencies, asserting that it undermines accountability to the American people.
#regulatory-oversight #independent-agencies #trump-administration #executive-orders #political-influence
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