Administration Posts Updated Unified Regulatory Agenda
July 14, 2026
The Office of Information and Regulatory Affairs (OIRA) recently released its (theoretically) semiannual Unified Agenda of Regulatory and Deregulatory Actions (Agenda). It is the first update since October 2025.
- While the Agenda is not meant to be a precise policy road map, it does provide insight into the administration’s regulatory priorities.
The regulatory agencies of most importance to CREFC and our members include the Securities and Exchange Commission (SEC), the banking agencies, and the Federal Housing Finance Agency (FHFA).
- The revised Agenda shows financial regulators' active dockets expanding sharply: the SEC’s grew from 23 items to 38, the Fed’s from 5 to 13, the FDIC’s from 7 to 14, and the OCC’s from 6 to 22. Only the FHFA’s agenda contracted.
- However, most new items unwind or loosen existing requirements. Deregulation generates its own paperwork and each rescission, re-proposal, and recalibration is a new agenda line.
SEC: The ABS registration and disclosure item now targets an October 2026 proposal, which should incorporate feedback that CREFC and other industry participants submitted late last year on the ABS Concept Release. (See here and here for the two letters that CREFC submitted to the SEC.)
- The Agenda also formalizes the climate-rule rescission and adds proposals scaling back executive compensation disclosure and quarterly reporting (optional semiannual) requirements.
Banking agencies: Capital confirmed, supervision rewritten.
- The March capital re-proposals (Basel III Endgame, the GSIB surcharge, and the standardized approach) appear across all three agencies in lockstep at proposed stage.
- On the supervision side, what examiners can cite, how criticisms are labeled, and how banks are rated are all being rewritten by rule. This could bind future administrations in a way guidance doesn't.
FHFA: The agenda shrank to 11 items, but the consequential moves, including housing goals, run through directives and orders, often announced first on X.
- One agenda item of note: A credit risk-retention item that appears to focus on residential assets and was included on the October 2025 agenda remains on the current agenda.
CREFC is carefully monitoring regulatory developments across all relevant agencies and will apprise members of any significant updates.
Contact Sairah Burki (sburki@crefc.org) with questions.