On the recordJuly 23, 1996
I share my colleagues' desire to adequately fund the Legal Services Corp. However, as a member of the Committee on Commerce that has jurisdiction over the Securities and Exchange Commission and our Nation's securities markets, I believe it is also essential to maintain adequate oversight over the life savings of millions of Americans. I see that the amendment will reallocate funds from a variety of agencies, including the SEC which performs that oversight function and I believe does it very well. Is it the gentleman's intention that carryover funds received by the SEC be available to it to compensate for the reduction in its budget called for in your amendment?
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