To provide for a limitation on availability of funds for Independent Agencies, Securities and Exchange Commission, Salaries and Expenses for fiscal year 2024.
Impact
If HB 2140 is enacted, it would impact how independent agencies, particularly the SEC, manage their operations and deliver services. Limited funding may hinder the agency's ability to carry out regulatory responsibilities, potentially affecting its enforcement capabilities in areas such as securities law and investor protection. Stakeholders, including those in the financial sectors governed by the SEC, may face increased uncertainty as the agency might struggle to meet regulatory demands due to funding restrictions.
Summary
House Bill 2140 seeks to impose limitations on the availability of funds allocated for Independent Agencies, specifically targeting the Securities and Exchange Commission (SEC) for the fiscal year 2024. This bill reflects concerns over government spending and the prioritization of resources allocated to independent regulatory bodies. By restricting funding, the bill aims to streamline governmental financial responsibilities and ensure that funds are utilized more effectively amid broader budgetary constraints.
Contention
Debate surrounding HB 2140 is expected to center on issues of regulatory efficacy and accountability. Proponents might argue that limiting the SEC's funding is necessary to reduce federal expenditure and ensure more prudent fiscal management. Conversely, critics may highlight that such limitations could weaken the agency's oversight power, potentially leading to increased risk in financial markets. There exists a concern that reduced funding could limit critical consumer protections and perpetrate negligence in stringent regulatory practices.
Voting_history
As of now, there is no detailed voting history available for HB 2140. However, understanding its journey through the legislative process will be crucial in assessing the support it garners among various political factions. The votes surrounding this bill will likely reflect broader ideological divides concerning fiscal responsibility versus regulatory necessity.
To provide for a limitation on availability of funds for Independent Agencies, Postal Regulatory Commission, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Federal Communications Commission, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Election Assistance Commission, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Consumer Product Safety Commission, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Privacy and Civil Liberties Oversight Board, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Harry S. Truman Scholarship Foundation, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, U.S. Federal Labor Relations Authority, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Office of Personnel Management, Salaries and Expenses for fiscal year 2024.