Senate Democratic Leader Chuck Schumer files legislation to protect independent board governors from summary removal without cause.

WASHINGTON, DC — Senate Democratic Leader Chuck Schumer introduced a joint resolution Wednesday establishing statutory safeguards to preserve the institutional independence of federal regulatory agencies, including the Federal Reserve, the Federal Trade Commission, and the Securities and Exchange Commission.
The Independent Agency Integrity Act of 2026 reaffirms existing 'for-cause' removal protections for Senate-confirmed commissioners and board governors, explicitly barring summary executive dismissal without proven malfeasance, neglect of duty, or statutory disqualification.
The measure responds to legal theories advocating for unconstrained executive removal authority over independent monetary and market oversight bodies under unitary executive interpretations.
Leader Schumer argued that insulating monetary policy and market enforcement agencies from political pressure is fundamental to global investor confidence in U.S. capital markets and sovereign creditworthiness.
Former federal regulatory commissioners and constitutional scholars submitted letters of support, emphasizing that independent regulatory agencies were deliberately established by Congress to operate with non-partisan technical expertise.
The resolution was referred to the Senate Committee on the Judiciary, with caucus leaders seeking bipartisan co-sponsors among moderate members ahead of fall floor scheduling.