ABA Urges Congress to Authorize Self-Funding for the SEC and CFTC
WASHINGTON, D.C., May 21, 2012 –The American Bar Association has asked Congress to promptly address the need for increased, reliable sources of revenue for the Securities and Exchange Commission and the Commodity Futures Trading Commission, whether through authorizing self-funding or other appropriate mechanisms, in a letter to congressional leaders on May 17. The ABA contends that additional funding is needed to enable the agencies to carry out their greatly expanded regulatory responsibilities and mandates under the 2010 Dodd-Frank Act, the recently-enacted JOBS Act and other new laws.
A copy of the ABA letter is here.
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