Senate Panel OKs $1.9B Funding For Dodd-Frank Oversights

Law360, New York (June 12, 2012, 11:28 PM EDT) -- A U.S. Senate appropriations committee on Tuesday approved as part of its 2013 appropriations bill nearly $1.9 billion to expand the roles of financial watchdogs under the Dodd-Frank overhaul, setting up a battle over cuts proposed in parallel bills in the U.S. House of Representatives.

The $23 billion bill provides $1.57 billion in funding to the U.S. Securities and Exchange Commission — a $245 million increase over the 2012 funding level — and $308 million for the Commodity Futures Trading Commission, double what the agency received...
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