Senate Bill Will Allow Self-Funding of SEC

CapitolDome230Last week, the House Financial Services Committee approved more than $1 billion in additional funds annually over five years to the SEC, which would more than double the agency’s funding. Now the Senate is moving forward with its own plan for funding the SEC that reportedly would allow the agency to fund itself based on the fees it collects. Full details are available in this post on my Enforcement Action blog over at Compliance Week.