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Limiting Funds for Securities and Exchange Commission

This bill aims to cap the amount of money available to the Securities and Exchange Commission (SEC) for salaries and expenses in fiscal year 2024. This means the SEC will have to operate with a reduced budget, potentially affecting its ability to oversee financial markets and protect investors. For citizens, this could lead to changes in the speed of case processing or the availability of certain regulatory services.
Key points
The bill sets a maximum spending limit for the Securities and Exchange Commission (SEC) for fiscal year 2024 at $1,672,902,000.
This budget limitation for the SEC may impact its operations, including financial market oversight and enforcement, indirectly affecting investors and market participants.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_2140
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-03-29
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To provide for a limitation on availability of funds for Independent Agencies, Securities and Exchange Commission, Salaries and Expenses for fiscal year 2024.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2140.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-29.

What are the main provisions?

Key points include:

  • The bill sets a maximum spending limit for the Securities and Exchange Commission (SEC) for fiscal year 2024 at $1,672,902,000.
  • This budget limitation for the SEC may impact its operations, including financial market oversight and enforcement, indirectly affecting investors and market participants.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Biggs, Andy [R-AZ-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy Public Investments