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Something similar happens to the SEC. IIRC from memory, around the mid-2000's, the SEC took in circa 600 million in fees, while Congress budgeted it circa 100
by pasbesoin 11y ago
Something similar happens to the SEC. IIRC from memory, around the mid-2000's, the SEC took in circa 600 million in fees, while Congress budgeted it circa 100 million.
For years, the SEC was/is clamoring to hire more and more qualified examiners. This budgeting has cut these proposals/initiatives off at the knees.
A few years ago, it was announced that they would be creating... again, IIRC, roughly 1000 of these positions. One of the "significant" announcements/initiatives following the 2008 financial crisis. The last I heard, a couple of years ago, this initiative was still stalled, due to... no allocated budget.
In understanding regulation (and IP as well is "regulation", of a sort), in addition to all the "politics", it is merited to apply that old but apt saw, "follow the money".