Chair Gensler Testifies Before Congress on Additional SEC Funding

On May 18, Securities and Exchange Commission (SEC) Chair Gary Gensler testified before the House Appropriations Subcommittee on Financial Services. The hearing concentrated on budget and funding following the SEC’s request for a substantial budget increase for fiscal year 2023. Gensler faced questions regarding his aggressive regulatory agenda and the volume of SEC rulemakings with short comment periods. Additional questions focused on recent rule proposals surrounding climate disclosure, ESG, and cryptocurrency. Read more.