TheCorporateCounsel.net

January 13, 2003

In a radio address over

In a radio address over the weekend, President Bush promised that the SEC’s budget would be significantly raised next year – to over $840 million.

However, the SEC has not been appropriated the additional money for this year’s budget that was approved by Congress last summer. This stalling has drained the existing SEC staff and has kept many potential staffers on hold for several months. Its unclear if this logjam will ever break.