The House Appropriations Committee has proposed legislation that would cut 12% from the President’s budget request for the Securities and Exchange Commission (SEC) and 41% from the request for the Commodity Futures Trading Commission (CFTC) for Fiscal Year 2013.  That is a combined reduction of $323 million.  These cuts would undermine the enforcement of Wall Street reform.

Penny Wise And Pound Foolish: Cutting Wall Street Reform

Source: US Department Of Treasury