|  | | 2012 News and Press Releases | | |
HEADLINE NEWS:
U.S. Senate Panel OKs Budget Boosts For SEC, CFTC
Sarah N. Lynch
Reuters. June 14, 2012
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EXCERPT: U.S. Senate appropriators approved major funding boosts for the country's financial market regulators on Thursday, setting up a likely battle with Republicans who want to use the power of the purse to slow down the 2010 Dodd-Frank Wall Street reforms. The Senate Appropriations Committee's financial services spending package would set aside $308 million in fiscal 2013 for the Commodity Futures Trading Commission - an increase of about $103 million from its current $205 million budget.
The Securities and Exchange Commission would get a fiscal 2013 budget of $1.566 billion, or about $245 million above its current budget of $1.32 billion. The funding bill was approved along party lines, in a 16-14 vote.
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