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White House plan would double SEC’s budget by 2021

Joe Mont | February 9, 2016

Don’t expect the wish list to emerge unscathed from its trip through partisan debate, but a budget proposal announced this week by President Barack Obama would provide the Securities and Exchange Commission and Commodity Futures Trading Commission the biggest boost to their bottom lines in recent years, with plans to double their fiscal year 2015 funding by FY 2021.

The budget for fiscal year 2017, which begins on Oct. 1, also allocates more than $19 billion to strengthen cyber-security efforts, a 35 percent increase from last year’s request. With that allocation, the White House announced the creation of a Cyber-Security National Action Plan.

The regulatory aspects of the budget plan were detailed in a blog post on the White House website by...

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