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AI Summary: This is a policy document, specifically an Executive Order (EO 14215) issued by the President to increase Presidential oversight and control over independent regulatory agencies. This regulation establishes new requirements for independent regulatory agencies to be more directly accountable to the President and the executive branch. The key provisions include mandating that all independent regulatory agencies submit proposed and final significant regulatory actions to the Office of Information and Regulatory Affairs (OIRA) for review before publication, requiring agency chairmen to consult and coordinate with White House policy councils, establishing a White House Liaison position in each agency, and stipulating that only the President and Attorney General can provide authoritative legal interpretations binding on executive branch employees. The order aims to ensure that independent agencies operate with greater Presidential supervision, arguing that these agencies currently exercise substantial executive authority with minimal oversight. The order specifically exempts certain Federal Reserve monetary policy activities from its requirements and includes detailed definitions of terms like "independent regulatory agency" and agency "heads". Importantly, the order emphasizes that executive branch employees cannot advance legal interpretations that contradict the President or Attorney General's opinions without specific authorization.