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November 20, 2017 at 11:19 AM
The Senate Appropriations Committee’s just-released FY 2018 financial services bill allocates $1.8 billion for the Securities and Exchange Commission, which is equal to the FY2018 budget request and includes $245 million for the SEC’s potential headquarters relocation.
SEC Chairman Jay Clayton said in June that the SEC budget request for fiscal 2018 of $1.602 billion is “essentially the same as our FY 2017 appropriation.”
Appropriations Committee Chairman Thad Cochran, R-Miss., said in releasing the Financial Services and General Government Appropriations bill Monday, that it also targets funding toward economic analysis within the SEC’s Division of Economic and Risk Analysis and critical information technology initiatives.
The Financial Services and General Government Appropriations bill totals $20.8 billion, $637 million below the FY2017 enacted level.
The measure, according to the committee, “maintains funding to encourage small business growth, improve Internal Revenue Service accountability, and strengthen counterterrorism, cybersecurity and agency oversight.”
