FEDERALhearing transcript

Hearing on SEC Funding Increases (1977-1980)

Original title: SEC authorization of appropriations: hearing before the Subcommittee on Consumer Protection and Finance of the Committee on Interstate and Foreign Commerce, House of Representatives, Ninety-fifth Congress, first session, on H.R. 3721 and H.R. 3722, bills to increase the amount authorized to be appropriated for the Securities and Exchange Commission for fiscal year 1977 and specified amounts for fiscal years 1978-1980, March 10, 1977.

July 19, 2026

SEC federal budget financial regulation congressional appropriations

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The Frame

What this does

The hearing determined the proposed funding levels for the SEC, which directly impacts the agency's capacity to oversee financial markets and enforce securities laws during the 1977-1980 period.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Securities and Exchange Commission

The agency's authorized budget levels for 1977-1980 were subject to the legislative changes discussed in the hearing.

Financial Market Participants

The level of SEC funding influences the agency's regulatory and enforcement activities in the financial markets.

What changed

Last recorded activity July 19, 2026.

What's next

Next step not available in the current record.

Summary

This document is a transcript record of a 1977 congressional hearing regarding two bills, H.R. 3721 and H.R. 3722, which proposed increasing the budget authorization for the Securities and Exchange Commission (SEC) for s 1977 through 1980.

Key Facts

The hearing took place on March 10, 1977.
The purpose of the hearing was to review H.R. 3721 and H.R. 3722.
The bills propose increasing the authorized appropriation for the SEC for fiscal year 1977.
The bills propose setting specific authorized appropriation amounts for the SEC for fiscal years 1978, 1979, and 1980.
The hearing was held by the Subcommittee on Consumer Protection and Finance of the House Committee on Interstate and Foreign Commerce.

Frequently Asked Questions

What was the purpose of this hearing?

The hearing was held to discuss proposed legislation (H.R. 3721 and H.R. 3722) to increase the federal funding authorized for the Securities and Exchange Commission.

Which fiscal years were covered by these funding proposals?

The proposals covered 1977, as well as specific amounts for fiscal years 1978, 1979, and 1980.

Why It Matters

The hearing determined the proposed funding levels for the SEC, which directly impacts the agency's capacity to oversee financial markets and enforce securities laws during the 1977-1980 period.

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