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Senate Panel Advances Tighter SEC Budget Increase Than House

Sept. 19, 2019, 6:07 PM

The SEC is closer to getting at least a slightly bigger fiscal 2020 budget than it requested from Congress.

The Senate Appropriations Committee on Sept. 19 advanced legislation that would provide the Securities and Exchange Commission with about $1.76 billion. The sum is approximately $90 million less than the $1.85 billion the full House approved in June.

The SEC asked for $1.75 billion. It has about $1.67 billion for fiscal 2019, which will end Sept. 30.

The committee voted 31-0 to report the bill to the full Senate for consideration. The measure also would provide funding for the ...

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