Traditionally, independent agencies like the SEC and FCC have operated outside the purview of OIRA's oversight. However, with the issuance of Executive Order 14215, these agencies are now required to submit their regulations for presidential review through OIRA. This move, rooted in the unitary executive theory, aims to centralize control over regulatory processes but has sparked concerns about diminished agency independence. Critics argue that this undermines democratic principles, while supporters believe it enhances regulation quality and consistency. The order also raises legal questions about presidential authority and potential constitutional challenges. As the order awaits judicial or legislative scrutiny, its long-term impact on financial markets and American democracy remains uncertain.