SEC Faces Funding Scrutiny on Capitol Hill

The transcript discusses the differing approaches of lawmakers towards funding the SEC, with House Republicans seeking budget cuts and policy riders, while the Senate aims to maintain current funding levels. The political climate, influenced by upcoming elections, has shifted focus from legislation to messaging. Deregulatory efforts face opposition from the Obama administration and Senate Democrats. The potential impact of the presidential election is considered, with a Clinton administration expected to maintain current policies, while a Trump administration could pursue significant changes, particularly regarding Dodd Frank.

What are the implications of a divided Congress on the passage of financial laws?

In what ways are the current legislative efforts described as more of a messaging effort rather than a genuine attempt to pass laws?