A funding boost may be on the horizon for two regulators tasked with the job of implementing the Dodd-Frank Act based on a proposal issued by the Obama Administration yesterday. Presented by Sen. Dan Inouye (D-HA), the statement of administration policy issued by the Executive Office of the President’s Office of Management and Budget, strongly supported funding to be appropriated to the Securities and Exchange Commission and the Commodity Futures and Trading Commission.
The policy said the Obama administration strongly supports funding for the SEC at the Senate bill level of $1.4 billion. According to the statement, the Administration said the fund will enable the SEC to carry out its responsibilities for registration, oversight, and enforcement within the securities marketplace without further delay.
