Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, February 1, 2010

Obama Calls for Increased Funding for SEC and CFTC

President Obama released the 2011 Budget today.  According to published reports, it calls for a 11 to 13% increase (varies in reports) in the SEC's budget, to nearly $1.3 billion, and a 55% increase in the CFTC's budget, to $261 million.  Some of the increases are contingent on Congress passing legislation expanding the agencies' authority.  See: WPost, Obama 2011 budget request: SEC, CFTC

The SEC released the following statement:

The following is a statement from SEC Chairman Mary L. Schapiro regarding the President's FY 2011 budget request of $1.258 billion for the SEC, which represents a 12 percent increase over its FY 2010 budget:

"If enacted, the President's request will do a great deal to help us keep pace with the continuing growth of the markets and provide necessary resources to support important regulatory initiatives in 2011."

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