Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
House committee moves to cut funding for financial regulators
Source: Reuters
Business | Thu Jun 9, 2016 2:30pm EDT
House committee moves to cut funding for financial regulators
A bill to slash funding for the U.S. Securities and Exchange Commission, Internal Revenue Service and other financial regulators passed a key committee in the U.S. House of Representatives on Thursday after a long partisan fight.
The expansive legislation would also place a halt on the payday lending restrictions that the Consumer Financial Protection Bureau recently proposed.
The Appropriations Committee voted 30-17 to approve the bill allocating funds for financial services and general government, which now goes to the full House.
One of the committee's senior Democrats, Jose Serrano of New York, warned that the "bill in its current form will be vetoed."
[font size=1]-snip-[/font]
House committee moves to cut funding for financial regulators
A bill to slash funding for the U.S. Securities and Exchange Commission, Internal Revenue Service and other financial regulators passed a key committee in the U.S. House of Representatives on Thursday after a long partisan fight.
The expansive legislation would also place a halt on the payday lending restrictions that the Consumer Financial Protection Bureau recently proposed.
The Appropriations Committee voted 30-17 to approve the bill allocating funds for financial services and general government, which now goes to the full House.
One of the committee's senior Democrats, Jose Serrano of New York, warned that the "bill in its current form will be vetoed."
[font size=1]-snip-[/font]
Read more: http://www.reuters.com/article/us-usa-congress-agencies-idUSKCN0YV27C