Securities Law Prof Blog

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

Friday, April 16, 2010

Schapiro Makes the Case for SEC Self-Funding

Here is Mary Schapiro's recent statement making the case for self-funding.

I was recently asked what I thought about self-funding for the SEC, and I confess that I am undecided on the issue.   Certainly in the past the agency has gone through periods of substantial under-funding, and even when Congress ups its funding, as it did post-Enron, the budget will be cut when money gets tight and the Congressional focus shifts.  However, I am somewhat concerned about decreasing the level of Congressional oversight and accountabililty that control over the purse strings provides.  I'd be interested in hearing other views on this.

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