Financial Services Committee Slams SEC's Budget Plans

Law360, New York (February 27, 2017, 4:11 PM EST) -- The House Committee on Financial Services will consider a budget memo Tuesday that calls for rejecting the U.S. Securities and Exchange Commission's request for a budget increase, saying it instead plans to restrict the agency's use of certain funds and eliminate inefficiencies.

The committee will meet Tuesday to consider adopting its views for the fiscal year 2018 budget, which will then be submitted to the House Committee on the Budget. The memo, posted online last week, discusses the budget requests of all the agencies under the Financial Services Committee's jurisdiction, including the SEC.

"The committee rejects the SEC's assertion, made in...

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