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U.S. Securities and Exchange Commission

Statement From Chairman Schapiro on Proposed Budget for SEC


Washington, D.C., Feb. 14, 2010 – The following is a statement from SEC Chairman Mary L. Schapiro regarding the President’s FY 2012 budget request of more than $1.4 billion for the SEC.

“These funds will provide the SEC with the resources needed to carry out both our longstanding core mission as well as our new responsibilities for derivatives, hedge fund advisers and credit rating agencies. By law, the 2012 funding is entirely offset by transaction fees such that the SEC budget will not add to the deficit.”

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Modified: 02/14/2011