27 Financial Regulatory Agencies

What happened

Jun 19, 2026 Blocked

The en banc court denied the government's motion to modify the stay, held the appeal in abeyance while retaining jurisdiction, and remanded for the district court to decide in the first instance whether to modify, suspend or dissolve the injunction in light of a revised reduction-in-force plan. The injunction remains in force in the meantime. The Bureau is still standing and still issuing rules: it published a regulatory agenda on 2026-08-14 and a joint rescission notice on 2026-08-25.

• D.C. Circuit en banc order of 2026-06-19 denying modification of the stay and ordering a limited remand

  Primary Courts Jun 19, 2026

• CFPB regulatory agenda, published 2026-08-14 — the Bureau is still operating

  Primary Executive branch Aug 14, 2026

What happened

Jun 3, 2026 Attempted

The SEC proposed to rescind the climate-related disclosure rules — the rule the Mandate singles out — repealing the Securities Act and Exchange Act amendments that require registrants to provide climate information in registration statements and annual reports. Re-checked on 2026-09-06: it is still a proposal. A Federal Register API search of every SEC document published since 2026-01-01 for "climate-related disclosure" returns three, of which this is the only rulemaking on the rescission; no final rescission has been published, the climate rules are still on the books, and Congress has enacted nothing barring the SEC from requiring non-material disclosure.

• SEC proposed rule: Rescission of Climate-Related Disclosure Rules

  Primary Executive branch Jun 3, 2026

What happened

May 21, 2026 Attempted

The SEC opened a scaled-disclosure rewrite in May 2026, by proposal rather than by rule. The central proposal would collapse Exchange Act filer statuses into two primary categories — large accelerated and non-accelerated — raise the threshold and seasoning requirements for large accelerated status, and extend the accommodations and scaled disclosures now reserved for smaller reporting companies and emerging growth companies to every non-accelerated filer. Alongside it the Commission proposed letting companies report semiannually on a new Form 10-S instead of quarterly (2026-05-07) and a registered-offering reform opening Form S-3 and shelf offerings to far more issuers while preempting state registration for all registered offerings (2026-05-26). None of the three is final; the Mandate's three-category structure and its "specified secondary markets" are not what is proposed; and Congress has not touched the Securities Act or the Exchange Act.

• SEC proposed rule: Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies

  Primary Executive branch May 21, 2026

• SEC proposed rule: Semiannual Reporting (Form 10-S in lieu of Form 10-Q)

  Primary Executive branch May 7, 2026

• SEC proposed rule: Registered Offering Reform

  Primary Executive branch May 26, 2026

What happened

Mar 27, 2026 Attempted

The SEC's implementation of the directive is now on the record, and it stops short of the ask. GAO's triennial personnel-management report finds that the Commission "updated certain personnel management policies and procedures to remove references to diversity, equity, and inclusion" — in April 2025 removing all references to diversity from its candidate-interview questions and a reference to hiring panels considering diverse perspectives, and in March 2025 removing its strategic-plan goal on diversity, equity and inclusion. Those are internal policies and procedures, not the appointment *regulations* the Quote's second half names (that half is #2128), and none of them abolishes an office. On the office itself the report is explicit and runs the other way: "As of December 2025, SEC's Office of Minority and Women Inclusion had one fully staffed employee, according to SEC officials" — reduced, not abolished. The Commission's own Division and Office Directors page, read on 2026-09-06, still names a Director of the Office of Minority and Women Inclusion. So the government-wide directive has produced documented action at a financial regulator on the subject of the ask, and no financial regulator's DEI office has been abolished: the Fed's and the OCC's statutory Offices of Minority and Women Inclusion under Dodd-Frank section 342 are standing too. The rung does not move.

• GAO-26-107813, Securities and Exchange Commission: Recent Workforce Reductions and Other Personnel Management Changes — DEI references removed from SEC personnel policies and procedures (March-June 2025); footnote 8, the Office of Minority and Women Inclusion had one fully staffed employee as of December 2025

  Primary Other Mar 27, 2026

• SEC Division and Office Directors — the roster still names a Director of the Office of Minority and Women Inclusion, as observed 2026-09-06; the page carries no date of its own beyond "Last Reviewed or Updated: July 6, 2026", so it is dated at the observation and is approximate

  Primary Executive branch Sep 6, 2026

What happened

Dec 17, 2025 Blocked

The D.C. Circuit granted rehearing en banc, vacated the panel's 2025-08-15 judgment, and put the preliminary injunction back in force — as partially stayed on 2025-04-11 and modified on 2025-04-28 — pending argument on 2026-02-24.

• D.C. Circuit en banc order granting rehearing, vacating the panel judgment and restoring the partial stay

  Primary Courts Dec 17, 2025