In the remaining days of his administration, President Trump is speeding to implement a raft of recent laws and govt orders which can be supposed to put his stamp on enterprise, commerce and the financial system.
Previous presidents of their ultimate time period have used the interval between the election and the inauguration to take last-minute actions to prolong and seal their agendas. Some of the modifications are clearly geared toward making it more durable, a minimum of for a time, for the subsequent administration to pursue its targets.
Of course, President-elect Joseph R. Biden Jr. might situation new govt orders to overturn Mr. Trump’s. And Democrats in Congress, who will management the House and the Senate, might use the Congressional Review Act to shortly reverse regulatory actions from as far back as late August.
Here are a few of the issues that Mr. Trump and his appointees have performed or are attempting to do earlier than Mr. Biden’s inauguration on Jan. 20. — Peter Eavis
Prohibiting Chinese apps and different merchandise. Mr. Trump signed an govt order on Tuesday banning transactions with eight Chinese software program purposes, together with Alipay. It was the newest escalation of the president’s financial battle with China. Details and the begin of the ban will fall to Mr. Biden, who might resolve not to observe via on the concept. Separately, the Trump administration has additionally banned the import of some cotton from the Xinjiang area, the place China has detained huge numbers of people who find themselves members of ethnic minorities and compelled them to work in fields and factories. In one other transfer, the administration prohibited a number of Chinese firms, together with the chip maker SMIC and the drone maker DJI, from shopping for American merchandise. The administration is weighing additional restrictions on China in its ultimate days, together with including Alibaba and Tencent to a listing of firms with ties to the Chinese navy, a designation that might forestall Americans from investing in these companies. — Ana Swanson
Defining gig staff as contractors. The Labor Department on Wednesday launched the ultimate model of a rule that would classify thousands and thousands of staff in industries like building, cleansing and the gig financial system as contractors reasonably than workers, one other step towards endorsing the enterprise practices of firms like Uber and Lyft. — Noam Scheiber
Trimming social media’s authorized defend. The Trump administration lately filed a petition asking the Federal Communications Commission to slim its interpretation of a strong authorized defend for social media platforms like Facebook and YouTube. If the fee doesn’t act earlier than Inauguration Day, the matter will land in the desk of whomever Mr. Biden picks to lead the company. — David McCabe
Taking the tech giants to court docket. The Federal Trade Commission filed an antitrust swimsuit in opposition to Facebook in December, two months after the Justice Department sued Google. Mr. Biden’s appointees can have to resolve how greatest to transfer ahead with the circumstances. — David McCabe
Adding new cryptocurrency disclosure necessities. The Treasury Department late final month proposed new reporting requirements that it stated had been supposed to forestall cash laundering for sure cryptocurrency transactions. It gave solely 15 days — over the holidays — for public remark. Lawmakers and digital forex lovers wrote to the Treasury secretary, Steven Mnuchin, to protest and gained a short extension. But opponents of the proposed rule say the process and substance are flawed, arguing that the requirement would hinder innovation, and are doubtless to problem it in court docket. — Ephrat Livni
Limiting banks on social and environmental points. The Office of the Comptroller of the Currency is speeding a proposed rule that might ban banks from not lending to sure varieties of companies, like these in the fossil gasoline trade, on environmental or social grounds. The regulator unveiled the proposal on Nov. 20 and restricted the time it might settle for feedback to six weeks regardless of the interruptions of the holidays. — Emily Flitter
Overhauling guidelines on banks and underserved communities. The Office of the Comptroller of the Currency can be proposing new guidelines on how banks can measure their actions to get credit score for fulfilling their obligations beneath the Community Reinvestment Act, an anti-redlining regulation that forces them to do enterprise in poor and minority communities. The company rewrote a few of the guidelines in May, however different regulators — the Federal Reserve and the Federal Deposit Insurance Corporation — didn’t signal on. — Emily Flitter
Insuring “hot money” deposits. On Dec. 15, the F.D.I.C. expanded the eligibility of brokered deposits for insurance coverage. These deposits are infusions of money right into a financial institution in alternate for a excessive rate of interest, however are often called “hot money” as a result of the shoppers can transfer the deposits from financial institution to financial institution for larger returns. Critics say the change might put the insurance coverage fund in danger. F.D.I.C. officers stated the new rule was wanted to “modernize” the brokered deposits system. — Emily Flitter
Narrowing regulatory authority over airways. The Department of Transportation in December authorized a rule, sought by airways and journey brokers, that limits the division’s authority over the trade by defining what constitutes an unfair and misleading follow. Consumer teams broadly opposed the rule. Airlines argued that the rule would restrict regulatory overreach. And the division stated the definitions it used had been in keeping with its previous follow. — Niraj Chokshi
Rolling again a lightweight bulb rule. The Department of Energy has moved to block a rule that would phase out incandescent light bulbs, which individuals and companies have more and more been changing with rather more environment friendly LED and compact fluorescent bulbs. The power secretary, Dan Brouillette, a former auto trade lobbyist, stated in December that the Trump administration didn’t need to restrict client alternative. The rule had been slated to go into impact on Jan. 1 and was required by a regulation handed in 2007. — Ivan Penn