Senate Appropriations Committee Releases FY 2015 Budget Proposal for SEC and CFTC That Differs Significantly from House Proposal

The U.S. Senate Committee on Appropriations issued its FY 2015 Financial Services and General Government Appropriations bill. This bill includes a budgetary increase for the SEC from $1.35 billion to $1.7 billion, and a CFTC increase from $215 million to $280 million.

Separately on June 17, the House of Representatives released its proposed budget for both regulators, which contained a $50 million increase for the SEC (rather than the $350 million that would be provided by the Senate) and a $2.6 million increase for the CFTC (rather than $65 million).

See: Senate Appropriations Committee FY 2015 Bill Summary; House Appropriations Committee FY 2015 Bill Summary.