On February 10, 2025, President Donald Trump signed an executive order aimed at reining in independent regulatory agencies such as the FTC and SEC. Titled 'Ensuring Accountability for All Agencies,' this order asserts presidential oversight over these agencies, allowing the White House to review significant regulatory actions before they are published. This move is expected to provoke legal challenges, as it alters the longstanding autonomy granted to these agencies by Congress. The Federal Reserve's monetary policy functions remain exempt, highlighting the order's broader implications for governance and regulatory authority.
The new executive order, titled 'Ensuring Accountability for All Agencies,' laments that previous administrations have allowed so-called 'independent regulatory agencies' to operate with minimal presidential supervision.
The order mandates that all executive departments and agencies must submit their significant regulatory actions for review to the Office of Information and Regulatory Affairs before publication.
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