WASHINGTON–The House has passed a bill that would give the Trump Administration more control over independent federal agencies such as NCUA.
HR 1009, which passed 241-184, would require agencies such as NCUA and the CFPB to submit rules to the Office of Management and Budget before they're published, which would give the president significantly more control over the rule-making process. Agencies that are already under the control of the administration currently submit any new rules to the OMB’s Office of Information and Regulatory Affairs.
In a report accompanying the bill, the House Oversight and Government Reform Committee said, “OIRA review is important to provide a double check on agencies rushing to promulgate rules.”
Democrats have been critical of the bill.
Rep. Maxine Waters (D-CA) suggested the legislation would “empower Trump’s White House to block all the independent financial agencies’ proposed actions to protect our economy. Government agencies, like the Consumer Financial Protection Bureau, would have to first receive the OK from Trump’s Administration, packed with Wall Street insiders, before they could protect the American public.”