$260M Budget Boost For SEC, CFTC Advances

Law360, New York (September 14, 2011, 5:50 PM EDT) -- Democrats on a Senate subcommittee approved $260 million in spending boosts Wednesday for regulators tasked with overseeing financial industry reforms, but the measure faces opposition from Republicans seeking to slash spending and curb regulatory efforts.

As part of its proposed, $21.7 billion spending bill for fiscal year 2012 for over two dozen agencies, the Senate appropriations subcommittee on financial services and general government approved a $222 million budgetary boost for the U.S. Securities and Exchange Commission and a $37.7 million bump for the U.S. Commodity Futures...
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