I met Paul Atkins, around this time last year. One of his biggest problems (like anyone running a federal department) was that he's not allowed to hire or increase his budget, yet the demand for work that needs SEC attention is not going down. And that's after his dept, and all others, were required to perform layoffs under DOGE.
Reminds me of what the USA did a few years ago with the WTO Appellate Body (the "supreme court of world trade"). Since all new appellate judges would need US approval, the US (under Obama, Trump and Biden) just refused to approve judges, until the number of judges fell below the needed quorum, and then there could be no appeals.<p>The solution? A bunch of the other countries in the WTO just got together and made their own appellate body without the US, and presumably with blackjack and hookers.<p><a href="https://en.wikipedia.org/wiki/Appellate_Body#History" rel="nofollow">https://en.wikipedia.org/wiki/Appellate_Body#History</a><p>To this day the WTO is still partially nonfunctional and the stop-gap is still being used.
We are sitting in an uncanny valley regarding law.<p>Once independent agencies are no longer independent, partly due to the expansion of the unitary executive viewpoint in both the Supreme Court and the current executive branch, and the rather obsequious Congress we have that instead of being “jealous to protect its power” is kowtowing to anything the Trump administration wants.<p>The supreme courts ruling on presidential immunity, chevron deference, and the dismantling of the ideas of an independent agency have all come together to create a dangerous situation for all of us.<p>The Supreme Court, whether because the of their own alignment with partisanship or some other more nefarious reason, have gutted the idea of an independent agency (except for the Federal Reserve, which is special, but not for any legal reason, but rather because even conservative SCOTUS is not willing to risk the fallout of logically applying their unitary executive view of government to the Fed).<p>So Congress put a lot of regulatory power in these once independent and non-partisan agencies, and that’s gone. Combine that with a president that is overtly partisan and vindictive, and you have a problem where SCOTUS has created a situation that has elevated the whims of a president above the law Congress created.<p>We will be feeling the affects of this decision for generations, and I wouldn’t be surprised if this was the catalyst for the failure of the American form of government.<p>Our system cannot sustain when coequal branches of government kowtow to politics.
I'm just excited for the next POTUS to use SEAL Team 6 to quell his political opposition as "an official act" and then I'm sure SCOTUS and Congress start reevaluating some things.
I genuinely believe that once the current administration is out of office the new President should strongly campaign in favor of the strongest possible changes to prevent dictatorship: constitutional amendments to reverse some of the most egregious harm done by the Supreme Court and the general inaction in response to fascism. Then if the opposition party isn't supportive, the new President should set a date after which they threaten to abuse their powers in exactly the same ways Trump has abused his. Surely that would motivate the opposition party, right?
Congress still has the power here. It could write a law saying the executive can't do XYZ. It chooses not to, for obvious reasons.
The rule: <a href="https://www.federalregister.gov/documents/2026/10/02/2026-20262/commission-quorum-requirement" rel="nofollow">https://www.federalregister.gov/documents/2026/10/02/2026-20...</a><p>Extremely cheeky to skip out on APA rulemaking requirements
All the corruption money can buy.
This is really bad. Now you can have one puppet, and no dissent.<p>The FCC is set up for this same tactic. 2 vacancies, so down to the minimum quorum there right now. They can change the rule and let Anna Gomez's term expire. Suddenly we'll be reviewing everyone's licenses and seeing all the TV and radio content becoming more right-wing.
The key change seems to be innocuous:<p>> The Commission is modifying 17 CFR 200.41, which establishes the Commission's quorum requirement. Three commissioners will continue to constitute a quorum of the Commission, with two important exceptions. First, consistent with the current rule, if the number of commissioners in office is two or one, that number is sufficient for a quorum. Second, if the number of commissioners in office minus the number disqualified from consideration with respect to a matter is two or one, then that number of commissioners constitutes a quorum for purposes of that matter.
Its a naked power play when placed in context, despite how inoccuous it may seem. Commissioners are appointed by the president and confirmed by the senate. They can be fired by the president unilaterally.<p>This new rule means that the president only have to get one of "his" guys in, and now you can own all of the SEC decisions if you want by just firing any dissenting commissioners.<p>In the past, that is the sort of norm that would not be broken. We are now in a world where the president trying to fire fed bankers is real, and that is arguably a much, much, more serious norm to have broken. I don't think this administration will have any issues playing to the letter of the law instead of the spirit.<p>So with this rule change, the effect is that a president only needs one commissioner and a lack of regard for norms to completely control SEC decisions.
“Seems to be innocuous” is genuinely funny. It must be true for almost all types of corruption and evil that if you zoom in enough, and rob the action of all surrounding context, that it could be described as “innocuous”. How aptly technocratic.
This has been an excellent method to detect high-IQ but actually-retarded people. MAGA actions are distilled to their most procedural possible conception, isolated from all relevant context, and then assessed.<p>May as well go the full nine yards: "The Enabling Act 2026 appears to actually just be an edit to a .docx file. Hmm... My aloofness is a sign of my intelligence."
From what I can tell, the only actual change is that the current rule says "two" instead of "two or one" in the last part about what happens if some Commissioners are disqualified with respect to a matter.
Removing a requirement for quorum makes the bipartisan-intended commission into a singular role appointed by and serving at the pleasure of the president, like an agency head.
> First, consistent with the current rule, if the number of commissioners in office is two or one, that number is sufficient for a quorum.<p>Luckily enough, the Supreme Court has given the administration the green light to fire members of commissions at will... save the Fed, because mumble mumble history and tradition mumble.
Not that innocuous when the commission is intended to be bipartisan but the two Democratic seats are vacant. This change formalizes uniparty rule.
It's hard to tell if someone's oblivious or engaging in bad faith these days.
You're missing important background here. Federal law requires the commission to be non-partisan, defined as no more than three of the five commissioners being from the same party. But the Trump regime has subverted this rule by simply refusing to appoint more than three commissioners. That's why these quorum shenanigans are necessary. The proponents of this rule are acting in bad faith and will immediately file a lawsuit when the next administration tries to apply it in the other direction.
"This rule is effective on October 2, 2026."<p><a href="https://www.federalregister.gov/documents/2026/10/02/2026-20262/commission-quorum-requirement" rel="nofollow">https://www.federalregister.gov/documents/2026/10/02/2026-20...</a>
Corruption is so much easier now!