Executive Order Could Affect the SEC
President Trump recently signed an executive order that could have an impact on Securities and Exchange Commission (“SEC”) rulemaking. The Executive Order, Presidential Executive Order on Reducing Regulation and Controlling Regulatory Costs, calls for the elimination of two existing regulations for every new regulation introduced. In addition, the order sets the fiscal year 2017 regulatory budget at $0. The Public Company Accounting Oversight Board’s rulemaking efforts could also be affected by the president’s order.