SEC Gets Budget Boost in Trump’s Fiscal 2021 Plan (1)

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, ...