The Committee will be referring these allegations to Executive Branch agencies for further review, including possible investigation.
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Moreover, all executive branch agencies can use a budgetary mechanism to ask congress to re-allocate money between the programs.
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The process itself requires consultation with a variety of executive branch agencies, as well as input from stakeholders and public comment.
To be sure, things could be different in the event other executive branch agencies prove less responsive than the SEC to the danger posed by global bad actors in our capital markets.
Congress writes the laws dictating what federal agencies must do, but the executive branch oversees those agencies.
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The Senate bill, which attracted more than 20 amendments during its consideration, extends the stock trading disclosure requirement to employees of the executive branch and independent government regulatory agencies.
In addition to unveiling the projects selected for expedited review today, the Administration will also instruct agencies throughout the executive branch to gather comprehensive information regarding their reviews of infrastructure projects, and the best practices they have developed.
The report said the agencies should conduct "root and branch" reform of the way they do business - to tackle perceived conflicts of interest and correct flaws in the way they award ratings - or face tougher regulation.
Mr. Obama's proposal at the time was for Congress to grant him "consolidation authority" to combine executive branch functions, specifically singling out the five housing agencies and the six shops that deal with business like the Commerce Department and the Export-Import Bank.
But the executive branch has more direct influence in the operations of federal agencies, making it easier to carry out the data-center consolidation.
Ridge said the executive branch hasn't reached a consensus on the matter and indicated there isn't a turf war between agencies that deal with border issues, such as the Immigration and Naturalization Service.
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