Shift SEC resources from ancillary missions to statutory core functions
Mandate says SEC should ensure resources flow toward core statutory functions and away from ancillary/support functions or missions outside the SEC’s statutory charge.
Mandate
Mandate Ch. 27 (Financial Regulatory Agencies) — SEC Administration: ensure that SEC resources flow toward its core functions and away from ancillary and support functions or from missions that do not fall within the SEC’s statutory charge.
Undo plan
1) Define core functions as fraud deterrence, material disclosure, and fair secondary markets—not a pretext to zero out investor-protection offices.
2) Protect DERA, exam, and enforcement capacity in any resource shift.
3) Require public budget crosswalk before closing offices labeled ancillary.
4) Congressional oversight of strategic plans that redefine statutory mission downward.
5) Verify: FTE by division; enforcement/disclosure output KPIs.