For investors, this shift raises serious concerns about market fairness and corporate accountability. Regulatory agencies play a key role in investigating corporate misconduct and ensuring market stability. If these agencies lose their independence, it could result in weaker enforcement, corporate favoritism, and market volatility.
The order is the latest example of Trump’s embrace of a broad and controversial theory of executive power. The White House is confident the Supreme Court will bless his approach.
U.S. Senator Richard Blumenthal, a Democrat from Connecticut, on Friday said he is concerned that Federal Trade Commission Chairman Andrew Ferguson's actions are undermining the FTC's independence and threatening the bipartisan structure of the agency Congress created.
Trump’s new EO would effectively bring the FTC, SEC, FDIC under control of the White House’s Office of Management and Budget The White House has already said that Trump has the authority to ...
The Trump administration has taken another step to centralize the executive branch with a new order that “reins in independent agencies.” | The White House's latest executive order would give the president greater control over federal agencies typically shielded by cross-term leadership appointments and dismissal protections.
Some news organizations are calling it a "power grab" by the White House. Talk of court challenges has already emerged. President Trump has used "the authority vested in me as President by the Constitution and the laws of the United States of America" to issue an Executive Order "ensuring accountability" for the FCC.
WASHINGTON—President Trump signed an executive order on Tuesday that seeks to give his political appointees far-reaching control over federal agencies that for decades have operated independently of White House influence.
Federal Trade Commission chairman Andrew Ferguson called for eliminating legal protections that prevent presidents from firing commissioners at federal agencies, including the FTC, without cause.
Agency chair Andrew Ferguson sent a memo to staff on Tuesday clarifying that Biden-era guidelines will remain in place — for now.
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