Don’t Gut the S.E.C.

Whether or not these bills pass, we are witnessing a pattern of Congress’s grabbing the steering wheel of an independent agency. Dodd-Frank imposed upon the S.E.C. new procedures that should have been left to the discretion of the agency’s leadership. Congress has criticized the S.E.C.’s investigation of Ponzi schemes but then has neglected to adequately finance its investigations.

Read more: Don’t Gut the S.E.C. — New York Times