President Trump signed an executive order to increase presidential power over independent regulatory agencies, excluding the Federal Reserve's Board of Governors and Open Market Committee.

The order requires affected agencies to submit new regulations to the White House and establish White House Liaison offices.

The executive order allows the president and attorney general to interpret laws for the executive branch.

The order could lead to legal challenges, as it expands presidential control over agencies traditionally considered independent.

The Supreme Court, with a conservative majority, has been reducing the power of regulatory agencies, which may influence the outcome of any legal challenges to the order.