Securities and Exchange Commission Chairman Mary Schapiro testified before Congress yesterday on the agency’s budget request for next year. This comes on the heels of three simultaneous hearings last Thursday, all of which touched on the subject.
The SEC is requesting $1.407 billion in funding for 2012, which represents an increase of $264 million over the current continuing resolution level, which would permit 780 new hires over projected levels for 2011, said Republican Congresswoman Jo Ann Emerson, chairwoman of the House financial services appropriations Sub-committee that oversees the agency’s budget, at the hearing. “If enacted, this request would permit us to hire an additional 780 positions over projected Fiscal Year 2011 levels,” she said.
