White House seeks tighter oversight of regulations issued by Fed and other independent agencies
From: The Washington Post
The White House on Thursday for the first time said it was requiring the Federal Reserve and other independent agencies to submit new guidelines for review, a controversial step that has long been a goal of conservative groups.
***
But in a memo on Thursday, Russell Vought, the acting director of the White House Office of Management and Budget, instructed all federal agencies to submit a range of proposals to the White House so that a determination could be made as to whether they are “major” or “minor.”
