Trump will strengthen control over regulatory functions of independent federal agencies such as the Securities and Exchange Commission

PANews February 20th news, according to the Financial Times, US President Trump will strengthen control over independent federal agencies, the latest move by Trump to strengthen control over government agencies.

Later on Tuesday, Trump signed an executive order to "bind independent agencies" ordering agencies to submit draft regulations for review, the White House said in a statement. Trump will also set "performance standards" for agencies that must "consult" with the White House on "priorities and strategic plans." The executive order targets institutions including the SEC, the Federal Trade Commission (FTC), and the Federal Communications Commission (FCC). The White House said the Federal Reserve's monetary policy function is not restricted by the executive order, but its regulatory function is restricted.