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Cox Seeks $1B Boost from Congress

By Toby Lucich

Securities and Exchange Commission chairman Christopher Cox asked Congress to approve his nearly $1 billion budget request for fiscal year 2009.

If lawmakers agree the SEC needs its first budget increase in three years, the commission will have realized a roughly 4 percent increase and be able to keep its staff levels the same as fiscal year 2007, Cox testified during an appropriations hearing before a House subcommittee on Wednesday. The SEC currently employs about 3,470 full-timers.

Cox Seeks $1B Boost from Congress

Full post as published by inside Sarbanes Oxley on April 16, 2008 (boomark / email).