President Barack Obama has released a budget proposal for fiscal 2015 that seeks $1.7 billion for the Securities and Exchange Commission and $280 million for the Commodity Futures Trading Commission. CFTC member Bart Chilton calls the request for the agency "woefully insufficient." The SEC and the CFTC are operating this fiscal year with $1.35 billion and $215 million, respectively. The plan also requests legislation that would allow the CFTC to levy transaction fees on swaps, futures and options.

Related Summaries