January 3, 2011 / 4:24 PM / 9 years ago

Republicans may starve US financial reform of cash

 * Republicans seek ways to put brakes on Dodd-Frank
 * CFTC, SEC without new funding until March, at earliest
 * Representative Neugebauer: review before agencies expand
 By Dave Clarke and Roberta Rampton
 WASHINGTON, Jan 3 (Reuters) - Republicans in the new U.S.
Congress could put the budget squeeze on two powerful
regulatory agencies to slow President Barack Obama's crackdown
on Wall Street.
 A Democratic-controlled Congress pushed through the
Dodd-Frank bank reform laws last year and regulators were
counting on a big budget boost to police the $600 trillion
over-the-counter derivatives market -- blamed for much of the
excess behind the 2007-2009 financial crisis.
 But the last Congress failed to deliver on the funding, and
that will be even harder to obtain with Republicans vowing to
cut spending as they take control of the House of
Representatives and boost their rolls in the Senate.
 Republican say they want to review the expansion plans of
regulators. "Once you
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