6/16/10: House and Senate conferees on the financial regulatory reform legislation voted today to permit the SEC to fund itself through the fees that it collects. This provision was originally included in the Senate bill, but not in the House bill.

NTEU has strongly supported SEC self-funding. As an independently funded agency, the SEC would be much better able protect the interests of investors by hiring the experienced professionals it needs, instituting the compensation and retention policies necessary to retain those employees, and developing the new technology upgrades that it requires. To review a report regarding the Union's legislative work in support of SEC self-funding, please click here.

Once the conference committee's work is done, the bill will be considered on the floor of the House and the Senate. NTEU will continue to strongly support SEC self-funding as the reform legislation moves forward.