This approach is nonsense. The SEC is entirely fee-funded, and, as such, providing adequate funding authority will not take a dime of U.S. Taxpayer dollars, nor will it have any impact on the deficit or the debt.
Lowey criticizes budget cuts to the SEC, arguing it won't affect taxpayer dollars.
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I urge this Subcommittee to continue its longstanding support for critical people-to-people and peacebuilding programming.
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I am delighted to yield 5 minutes to the gentlewoman from California (Ms. Waters), the chair of the Committee on Financial Services.
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