$200M SEC Boost Fails In House Committee

Law360, New York (June 20, 2012, 7:12 PM EDT) -- A U.S. House of Representatives committee on Wednesday approved a spending bill that would deny the U.S. Securities and Exchange Commission the $200 million boost the president had asked for to implement Dodd-Frank Act reforms, setting up a battle with senators who proposed much higher funding.

The bill, now headed to the House floor, would provide the SEC with significantly less than a parallel bill that passed the Senate appropriations committee last week. The Senate bill would increase SEC funding by $245 million, per the president's...
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