SEC Defers Some Dodd-Frank Initiatives because of Budget Uncertainty

The SEC announced it will defer certain initiatives mandated by Dodd-Frank because of budget uncertainty:

The following activities are being deferred due to budget uncertainty. Additional information will be provided upon adoption of a 2011 FY budget.

Section 342	Creation and Staffing of Office of Women & Minority Inclusion	Activities regarding diversity in hiring and small business contracting continuing to be performed by staff in existing EEO Office
Section 911	Creation of new Investor Advisory Committee
Sections 915 and 919D	Creation and Staffing of Office of Investor Advocate	Activities regarding investor perspectives in rulemaking continuing to be performed by staff in existing Office of Investor Education & Advocacy
Section 924	Creation and Staffing of Whistleblower Office	Functions temporarily assigned to existing staff within the Division of Enforcement
Section 932	Creation and staffing of Office of Credit Ratings	Rulemaking functions remain with staff within the Division of Trading and Markets; examination functions continuing to be performed by existing Office of Compliance Inspections & Examination
Section 979	Creation and staffing of Office of Municipal Securities	Functions continue to be assigned to staff within the Division of Trading and Markets