USA: The White House seeks to control the financial authorities of the financial sector

The White House intensifies its efforts to put in control of independent organizations, including the Securities and Exchange Commission and the Committee on Freight Contracts, requiring the Allies of the President of the President USA, Donald Trump Approve all new regulations from Monday (21.4.2025).

The new guidance by the US Information and Regulatory Affairs Office, which was delivered to the organizations yesterday, applies an executive Decree in February that sought to end the independence of bodies regulating a wide range of economic activity, including energy, labor, media and consumer products. The executive decree is applied to at least 20 councils, committees and other organizations set up by Congress to be largely independent of immediate presidential audit. But according to an interpretation of the Constitution favored by Trump – known as the theory of the Single Executive Power – the President has the power to supervise and control the entire executive.

The 25 -page memorandum of Oira’s executive debt, Jeffrey Clark, gives instructions to the independent services to engage the White House Regulatory Office at all stages of rules. It requires independent services to appoint a regulatory policy officer – as a rule of political appointed – until Monday.

This effort will reflect a fundamental restructuring of the way in which the former independent services implement and impose federal laws, submitting them to the same White House supervision that at least other services have by former President Bill Clinton.

Many of these services have an additional complication as they are run by multilateral councils or committees. According to guidance, these committees may not publicly discuss regulations until they are approved by the White House.

The monetary functions of the Federal Bank of the US – that is, the work of the Federal Open Markets Committee – remain independent in accordance with Trump’s order and the guidance plan. But any rules as a banking regulatory authority must be submitted to the White House for examination.

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