Security and Exchange Commission (SEC) Chairman Mary Jo White told lawmakers Tuesday that she would hire hundreds of new staffers and bolster economic analysis of forthcoming regulations if the agency’s proposed budget increase is approved.
The SEC is requesting $1.674 billion for the 2014 fiscal year, a roughly 27-percent increase from current levels. While the entire amount would be offset by transaction fees collected from regulated entities, White acknowledged that the request comes at a time when the government faces serious economic challenges.
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