SEC Chair Gensler Testifies on Appropriations : TheCorporateCounsel. net Blog

Gensler spoke in support of the President’s FY 2024 request of $2.436 billion for SEC operations. He noted that FY 2023 funding would bring the agency’s staffing back above where it was seven years ago, and the agency is continuing to work to fill 400 new positions. Gensler notes that the SEC is expected to be approximately 3 percent larger this year than it was in FY 2016. With respect to the Division of Corporation Finance, Gensler notes that staffing levels remain approximately 17% below FY 2016 levels, while the number of public companies has increased by 18% to 7,836. The testimony notes that the SEC is on track to move its DC headquarters, with $39.6 million requested for the moving and build out costs.

Source: SEC Chair Gensler Testifies on Appropriations : TheCorporateCounsel. net Blog