Yesterday, SEC Chair Mary Jo White gave testimony before a subcommittee of the House Committee on Appropriations in support of President Obama’s fiscal year 2015 budget request for the SEC to receive $1.7 billion. As she has done in other recent statements on the SEC’s budget, Chair White warned that the SEC needs a meaningful increase over its FY 2014 budget of $1.35 billion. The FY 2014 budget of $1.35 billion was just a 2% increase over the SEC’s FY 2013 budget of $1.321 billion.
