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Wednesday, June 25, 2014

Senate Committee Approves Budget Increases

The Senate Committee on Appropriations approved the fiscal year 2015 Financial Services and General Government Appropriations bill including a proposed budget authority of $22.67 billion, $607 million more than the 2014 enacted level and $1.1 billion less than the President’s request.

The bill provides $280 million for the CFTC. This funding level is $65 million more than the fiscal year 2014 enacted level.

The bill provides $1.7 billion to the SEC, $350 million more than the 2014 enacted level.

In addition, the bill provides $108.7 million for the FinCEN.

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