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Donald Trump should take over more control of independent federal agencies – including important financial guards – in the latest move of the US president to tighten his state institutions.
The President late Tuesday signed an executive order to “reins in independent agencies”, ordering them to hand over the draft regulations for review, the White House statement said.
Trump They will also set “Performance standards” for agencies, which must be “consulted” with a white house about “their priorities and strategic plans”.
The command comes as the president seeks to expand the power of the government executive, with attempts to extinguish the regulators whose formation was covered by federal statutes, while teasing the civil service with a reduction in budget and release.
According to the White House statement, the American Constitution “fries all executive power to the President, which means that all officials and employees of the executive branch are subject to his supervision.”
“Now they will no longer impose rules for the American people unattended or responsible,” said the White House.
Command agencies include a value for securities and exchange, a top Wall Street guard; Federal Commission for Trade, antitrust regulator; as well as the Federal Communications Commission, which in the United States regulates television, internet services and radio.
Federal federal reserves’ monetary policy functions are exempted from the command, according to the White House, but the central bank’s supervisory role is intended.
Critics claim that the command is illegal and that the fundamental function of the Congress gives the authority to regulators by legislation.
“This is a deeply dangerous idea for the health, security, environment and economics of nations for our democracy,” said Robert Weissman, co-president of a public citizen, a consumer advocacy group. “The Congress made a good reason for an independent agency independent of the White House,” he added.
He added that the “illegal” order “aims to protect corporations from responsibility and centralize more powers with Trump and his minion.”
Former President Joe Biden has appointed progressive regulators to run agencies, strengthening regulation and implementation.
Fed and sec they refused to comment; FTC and FCC did not immediately respond to the comment requests.
The Office for Management and Budget “would adapt” to funding to federal agencies “to ensure that the tax dollars are wise to spend,” the White House statement said.
He added that Trump and US State Attorney Pam Bondi “will interpret the law for the executive power, instead of adopting conflicting interpretations,” without further elaboration.
The statement seems to give the president the width to undermine independence of agencies, at the same time concentrating the power to determine the law in the Presidency.
“It’s an introductory salvo, if you will,” said Ed al-Hussainy, analyst at Columbia Threadedle Investments. “We know what the executive government wants to do here: it is for the institutions to bring in its orbit, it is in the conflict with the mandate that has set a congress, and there is a lot of open space for litigation.”
Legal challenges against the command are widely expected. According to the note of Ian Katz, analyst of financial policy at the Capital Alpha Partners research company, “White House and Conservatives not only expect, but also want legal challenges to the executive order.”
“They would like the Supreme Court’s verdict that further strengthens the power of executives over agencies,” Katz added.
Additional reporting James Politia and Harriet Clarfelt
