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June 20, 2012 "I am also extremely concerned about the level of funding at the Securities and Exchange Commission. Although the SEC receives a $50 million increase from last year, this increase is essentially offset by restrictions placed on the SEC Reserve Fund. Moreover, this level of funding is nearly 200 million dollars below the Administration's request. America's investors need a strong cop on the beat to ensure that past abuses are not repeated, and to ensure that the SEC's new powers under Dodd-Frank are vigorously enforced. The funding level in this bill is inadequate given these needs."
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March 21, 2012 "I was extremely disappointed with the final fiscal year 2012 funding level for the IRS. The funding cuts for the IRS in fiscal year 2012 resulted in a significant drop in IRS enforcement personnel. Because of the cuts, you now have 5,000 fewer employees. As a result, I have no doubt that there is likely to be billions of dollars in lost revenue, and I look forward to discussing this with you further."
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March 19, 2012 "As improvements in technology give more people access they also mean that resources move online, and therefore internet access has become vital to being able to get a good education, find a job, or simply to connect with family around the world. Therefore, I am interested in the steps you are taking to broaden access and make sure that everyone who wants access can get it."
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March 6, 2012 "I think all of us here agree with the vitally important mission that the SEC plays in protecting consumers and investors. The financial crisis highlighted the need to have a robust 'cop on the beat' to make sure the American people are protected. Dodd-Frank gave the Commission important new responsibilities in this regard, and implementing and enforcing the numerous changes of the law is a vital part of making sure the SEC can better address abuses of the securities markets and protect investors."
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