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AI Summary
- OIRA (Office of Information and Regulatory Affairs), an obscure but powerful office near the White House, is gaining expanded authority under Trump's executive order
- For 45 years, OIRA reviewed federal agency regulations, but independent agencies like the SEC, FTC, FCC, and Federal Reserve were exempt from this oversight
- Trump's new executive order removes independence protections from financial regulators and other agencies, potentially reshaping financial markets and American democracy