Legislation may advance later this year to subject independent agencies to increased Administration control over their rules, scrutiny that would increase advance assessment of cost versus benefit and macroeconomic risks, but also potentially politicize these rules and/or significantly delay them.  The bill covers all independent agencies, thus bringing FDIC, SEC and CFTC rules under this new framework.  The Federal Reserve would also come under it, except with regard to rules related to monetary policy.

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