Yesterday, Assistant Senate Majority Leader Dick Durbin, Chairman of the Senate Appropriations Subcommittee on Financial Services and General Government, unveiled the subcommittee’s appropriations package for fiscal year 2010. Durbin announced that the bill provides the SEC “with a budget increase of $100 million – an unprecedented increase in resources – so they can hire the technical experts and bring on the best technology.”
Specifically, Durbin stated, the Committee’s proposed FY10 funding level of $1.13 billion represents an increase of $100 million (9.7%) over President Obama’s FY10 budget request ($1.02 billion) and $156 million (16%) over the FY09 level ($970 million). He stated that “the additional resources would support the hiring of more than 200 new full time employees, supplement IT investments and expand training programs.”
