GOP could fight Obama proposal to raise SEC and CFTC funding

04/15/2013 | Hill, The

President Barack Obama's budget proposal for fiscal 2014 would increase funding for the Securities and Exchange Commission and the Commodity Futures Trading Commission. The plan would raise SEC funding from $1.3 billion to $1.674 billion, and the CFTC would get $308 million, up from $205 million. Republican legislators are expected to fight those increases, as they have every year since the passage of the Dodd-Frank Act.

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Hill, The

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