Planet Money
OIRA: The tiny office that's about to remake the federal government
Apr 16, 2025
Dive into the intriguing world of OIRA, the federal office gaining unprecedented power under a new executive order. Explore how this shift could shake up independent agencies like the SEC and FCC, affecting financial markets and democracy itself. Discover the delicate balance between agency independence and presidential control, and the implications of changing regulatory landscapes. With a rich history of influence, OIRA's evolving role is at the forefront of crucial political dynamics and public policy.
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Quick takeaways
- OIRA's increased authority under President Trump's Executive Order raises concerns about political influence over independent regulatory agencies like the SEC and FTC.
- The fundamental role of regulations in governance highlights their impact on public policy and everyday life, shaping aspects such as safety and financial markets.
Deep dives
The Importance of Regulation in Policy Making
Regulations play a crucial role in shaping public policy and are often the mechanisms through which laws are implemented. For example, while Congress passed the National Traffic and Motor Vehicle Safety Act in 1966, it left the detailed rulemaking to the Department of Transportation, demonstrating how lawmakers rely on regulatory agencies for effective governance. Furthermore, other aspects of life, such as health and safety regulations, like those from the FDA regarding baby formula or OSHA regarding workplace hazards, exemplify the everyday impact of regulations. Understanding this process highlights the importance of how regulations are crafted and the substantial difference they make in people’s lives.
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