title: White House says executive order does not apply to independent regulators
text: WASHINGTON (Reuters) - The White House confirmed on Monday that a new executive order to slash regulations will not apply to independent regulatory agencies such as the Securities and Exchange Commission, a spokeswoman said. President Donald Trump complained about the Dodd-Frank Wall Street reform law in a meeting with small business owners, in which he referred to the law as a “disaster.” He made his remarks shortly before signing the executive order. However, most of the regulators tasked with writing rules and implementing Dodd-Frank are independent, and therefore are not covered by the order. (This story corrects to say the president made his remarks about Dodd-Frank shortly before the signing of the executive order, not during the signing) 