Thursday, April 11, 2013
President's Budget Increases CFTC, SEC Funding
The President’s Fiscal Year 2014 Budget would significantly increase the budgets of the SEC and CFTC. The President has requested a budget of $1.6 billion in fiscal year 2014 for the SEC, about $350 million (27%) more than the agency’s current funding level, and a budget of $315 million for the CFTC, about $100 million (54%) more than the agency’s current funding level. Both the CFTC and SEC have previously stressed the need for additional funds in order to meet their responsibilities under the Dodd-Frank Act.