The Trump administration wants to pump up the SEC’s budget for fiscal 2021.
The Securities and Exchange Commission’s budget would rise 5.6% to $1.9 billion under a 2021 funding plan the White House proposed Monday. Congress gave the agency a $1.8 billion budget for fiscal 2020, which will end Sept. 30.
The commission, which is an independent agency, is asking for the same amount as President Donald Trump in a separate plan. But the president’s request once again calls for the elimination of an SEC reserve fund that the commission wants to keep for what it says are “important,...