What does President Trump's new executive order require from government agencies?

President Trump's executive order centralizes regulatory authority within the White House by requiring all government agencies to submit their regulation proposals for presidential review before implementation. The order also restricts these agencies from spending money on initiatives that don't align with the administration's priorities. This significant policy change represents a move to consolidate regulatory power at the executive level, potentially limiting the autonomy of government agencies. The measure appears designed to give the President more direct control over the federal regulatory process.