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Gensler Seeks Larger Budget, Brushes Off Comment Period Criticism
5/23/2022 · by CRE Finance Council · Politics and Elections · Legislation and Regulation
At a Congressional appropriations hearing last week SEC Chair Gary Gensler pressed for an 8% budget increase to roughly $2.15 billion, stating: “We should have grown during these past five years. Instead, the opposite happened.” Gensler went on to note that the agency’s headcount of full-time employees has remained flat despite the growth of private funds and registered public entities during that period, according to Politico.
Tags: SEC · Budget Increase · hearing · appropriations · Gary Gensler · Comment Period · Rulemaking · Hiring Staff · Crypto ·