White House Seeks to Bring Financial Regulators Under Its Sway

The White House is stepping up its efforts to bring independent agencies — including the Securities and Exchange Commission and the Commodity Futures Trading Commission — under its control, requiring allies of President Donald Trumpto approve all new regulations beginning Monday.

New guidance from the Office of Information and Regulatory Affairs, delivered to agencies Thursday, implements a February executive order that sought to end the independence of entities that regulate a broad range of economic activity, including energy, labor, media and consumer products.

The executive order applies to at least 20 boards, commissions and other agencies that were ...