Anyone expecting a flurry of Securities and Exchange Commission rulemaking this week to beat a June 1 deadline on new proposals could be disappointed—the mandate doesn’t apply to independent agencies like the SEC.
The deadline, set forth in a May 9 memo by White House Chief of Staff Joshua Bolten, called for any new regulations to be proposed by June 1 and either approved or rejected by Nov. 1. The Bush Administration ostensibly wants to avoid any last-minute regulatory surprises just before its term ends next January.
