Executive power grab would affect Securities and Exchange Commission and Federal Trade Commission
Donald Trump has signed an executive order making independent regulatory agencies established by Congress now accountable to the White House – a move that some experts said clashes with mainstream interpretations of the constitution.
The order forces major regulators such as the Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC) to report new policy priorities to the executive branch for approval, which will also have a say over their budgets.
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