Republicans propose 7% leaner SEC budget compared to Biden’s era
Main Idea
Republicans propose a 7% budget cut for the SEC in 2026, including reductions in funding for enforcing cyber incident disclosure rules, while Democrats oppose the plan.
Key Points
1. House Republicans propose a 7% ($153.9 million) cut to the SEC's 2026 budget, reducing it to $2.03 billion.
2. The plan includes eliminating funds for enforcing a Biden-era rule requiring public companies to disclose cyber incidents.
3. Banking groups previously urged the SEC to kill the cyber disclosure rule, arguing it aids ransomware criminals.
4. The Republican-led budget also restricts the SEC from tracking equity and options trading activity.
5. Democrats criticize the plan, claiming it harms everyday Americans by reducing financial oversight.
Description
House Republicans have proposed a plan to trim the SEC’s budget and cut enforcement funding for a Biden-era rule requiring public companies to quickly report cyberattacks.
Latest News
- TON Wallet goes live for Telegram users in US2025-07-22 13:53:39
- Sharplink buys $259M in Ether as ETH accumulation race heats up2025-07-22 13:37:33
- Western Union joins stablecoin race, eyes crypto partnerships — CEO2025-07-22 13:13:12
- Bitcoin seller exhaustion 'likely' as trader eyes $115K BTC price dip2025-07-22 12:59:05
- Pump.fun private sale investors send over $160M to exchanges2025-07-22 12:55:25