House Wants Boost Of $37M For SEC, $35M For CFTC

Law360, New York (February 23, 2009, 12:00 AM EST) -- In an effort to strengthen the oversight and enforcement activities at federal consumer protection and financial regulatory agencies, U.S. House lawmakers have proposed a $410 billion bill that would boost the budgets of several federal agencies for the remaining seven months of the government's current fiscal year.

The Omnibus Appropriations Act of 2009 would increase the U.S. Securities and Exchange Commission's budget by $37 million, the U.S. Commodity Futures Trading Commission's budget by $35 million and the Federal Trade Commission's budget by $15 million through Sept....
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