Market Update

Washington Commentary - Executive actions: A pen and a phone? It’s a bit more complicated

25 February 2021
Andy Blocker
Andy Blocker
Global Head of Public Policy
Jennifer Flitton
Jennifer Flitton
Vice President of Federal Government Affairs
Washington Commentary - Executive actions: A pen and a phone? It’s a bit more complicated

When discussing the tools at a president’s disposal, former President Barack Obama famously said, “I’ve got a pen, and I’ve got a phone,” alluding to his powers to drive change with zero or minimal involvement from Congress.

President Joe Biden has been in office for less than a month and it’s clear he learned something in his old gig: that whole “pen and a phone” concept is more complicated than it sounds, leaving the president with four tools to force action:

  1. Regulatory freeze
  2. Reform via executive order
  3. Rejection via congressional review act
  4. Reform via agency rulemaking
Read the full article

Related articles

success failure

Keep up-to-date

Sign up to receive the latest insights from Invesco’s global team of experts and details about on demand and upcoming online events. 

Keep up-to-date

When you interact with us, we may collect information about you which constitutes personal data under applicable laws and regulations. Our privacy notice explains how we use and protect your personal data.

If your interests change, you can update your preferences at any time.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Like what you see?
Hear first about events and get insights from our global network of investment and policy experts
Sign Up

  • The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

  • All data is as at 4 February 2021 unless otherwise stated.

    This document is marketing material and is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell securities.

    Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals, they are subject to change without notice and are not to be construed as investment advice.