Core Viewpoint - Treasury Secretary Scott Bessent is advocating for a new deregulatory and pro-growth agenda through the Financial Stability Oversight Council (FSOC), focusing on reducing existing regulations to promote economic growth and security [1]. Regulatory Changes - The FSOC is shifting its regulatory approach by paring back existing regulations and emphasizing the need to address material risks while enhancing transparency [1]. - There is a specific focus on reducing unnecessary burdens, particularly for community banks, to foster a more conducive environment for economic growth [1].