Obama has proposed a 2016 budget of $322m, a 29% increase on 2015.
Timothy Massad, the
chairman of the Commodity Futures Trading Commission, is to
testify before two key US House committees this week in pleas
that could shape the regulators actions over the next two
The world's most
powerful regulator will address the US House Appropriations
Committee on Wednesday to justify the CFTC’s 2016
currently operates under a $215 million budget after congress
rejected President Obama’s proposed 2015 budget of
president’s 2016 budget includes a $322 million
provision for the regulator, representing a 29% increase on the
2015 budget and its highest funding request in history. The
administration has requested a $1.7 billion for the Securities
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