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Browse: Home / 2014 / January / 22 / FY 2014 Appropriations Act Cuts SEC’s $50M Reserve Fund in Half – Compliance Week

FY 2014 Appropriations Act Cuts SEC’s $50M Reserve Fund in Half – Compliance Week

By Securities Docket on January 22, 2014, 9:55 am

H.R. 3547, the omnibus 2014 spending bill passed by Congress and signed into law by President Obama last week, contains more bad news for the SEC than just the meager 2% increase it provides for the SEC’s budget. A provision in the new law quietly strips away half of a $50,000,000 Reserve Fund that the SEC uses to improve its technology resources.

via FY 2014 Appropriations Act Cuts SEC’s $50M Reserve Fund in Half – Compliance Week.

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Posted in SEC, Top | Tagged Budget, Dodd-Frank

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