Senate Panel OKs Increased Spending For CFTC, SEC

Law360, New York (July 23, 2013, 1:46 PM EDT) -- A U.S. Senate Appropriations subcommittee on Tuesday approved a $44.3 billion spending bill that would increase funding for the U.S. Commodity Futures Trading Commission, the U.S. Securities and Exchange Commission and the U.S. federal judiciary.

The Senate Appropriations Committee's Financial Services and General Government Subcommittee cleared a bill allocating $23.19 billion in discretionary spending and $21.1 billion in mandatory spending to a wide range of government agencies, including the CFTC, which would receive $315 million, and the SEC, which would receive $1.674 billion. The bill would...
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