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Apr
11

White House seeks tighter oversight of regulations issued by Fed and other independent agencies

From: The Washington Post

By Damian Paletta

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.

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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.”

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