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  • Dissent By CFTC Commissioner Scott D. O’Malia - Fiscal Year 2014 Budget Request

    Date 10/04/2013

    I respectfully dissent from the fiscal year 2014 budget submission for the Commission. This submission seeks an improbable funding request of $315 M, an increase of 52 percent above the current funding level of $206.6 million as provided in the fiscal year Continuing Resolution.1Given the vast deficit spending challenges this country is facing, I do not believe it is fiscally prudent for the Commission to make broad unsubstantiated appeals for massive budget increases without specifically identifying its mission needs and priorities.

  • U.S. Treasury Budget Supports Obama Administration's Efforts To Invest In Our Economy, Make Government More Efficient

    Date 10/04/2013

    Today, Treasury Secretary Jacob J. Lew highlighted key components of the Treasury Department’s Fiscal Year 2014 Budget that will help support the Obama Administration’s comprehensive efforts to strengthen economic growth, create new jobs, and make government more efficient and accountable.

  • U.S. Administration's FY2014 Budget Tax Proposals To Jumpstart Growth, Create Jobs And Improve Opportunity For Middle Class

    Date 10/04/2013

    “The President’s Budget is based on the conviction that an agreement to put our nation on a sound fiscal course is within our reach and that we can achieve that goal while making targeted investments to strengthen the economic recovery, create jobs and lay the foundation for long-term growth,” said Treasury Secretary Jacob J. Lew.

  • SEC Adopts Rules To Help Protect Investors From Identity Theft

    Date 10/04/2013

    The Securities and Exchange Commission today voted unanimously to adopt rules requiring broker-dealers, mutual funds, investment advisers, and certain other entities regulated by the agency to adopt programs to detect red flags and prevent identity theft.

  • CFTC And SEC Approve Joint Final Rule Governing Identity Theft

    Date 10/04/2013

    The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (together, the Commissions) today are jointly issuing final rules and guidelines to require certain regulated entities to establish programs to address risks of identity theft. These rules and guidelines implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which amended section 615(e) of the Fair Credit Reporting Act and directed the Commissions to adopt rules requiring entities that are subject to the Commissions’ respective enforcement authorities to address identity theft. The CFTC’s rules would apply to CFTC-regulated entities that qualify as “financial institutions” or “creditors” under the Fair Credit Reporting Act.