Self-funding has been a very elusive and unlikely goal of many SEC leaders for years, if not decades, but it now appears to be on the brink of occurring. Dow Jones Newswires reports that after today’s conference, House and Senate lawmakers are now in agreement that the agency should be able to fund itself based on the fees it collects.
House conferees on the financial reform bill voted today in favor of self-funding. Senate approval is expected, as well, as several senators on the conference committee are on record as proponents of self-funding.
