arrow_back Civic Audit
Share share

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 notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 118_HR_2140
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-03-29
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Public Investments