The U.S. Securities and Exchange Commission (SEC) announced that the Trump administration plans to terminate building leases for its regional offices located in Los Angeles and Philadelphia, according to an internal email. The decision is part of a broader initiative by the General Services Administration (GSA) aimed at reducing federal office space and associated costs. Additionally, the Chicago SEC office may also be affected, although the status of that lease remains uncertain. The move is part of a larger effort to dispose of federal properties deemed non-essential, which includes a list of 443 federal buildings identified by the GSA as functionally obsolete.