The civic record
Read. Follow. Verify.Hearing on SEC Funding Increases (1977-1980)
Record date · July 19, 2026
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What This Bill Does
This document is a transcript record of a 1977 congressional hearing regarding two bills, H.R. 3721 and H.R. 3722, which proposed increasing the budget authorization for the Securities and Exchange Commission (SEC) for s 1977 through 1980.
The hearing determined the proposed funding levels for the SEC, which directly impacts the agency's capacity to oversee financial markets and enforce securities laws during the 1977-1980 period.
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Securities and Exchange Commission
The agency's authorized budget levels for 1977-1980 were subject to the legislative changes discussed in the hearing.
Financial Market Participants
The level of SEC funding influences the agency's regulatory and enforcement activities in the financial markets.
Key Facts
- The hearing took place on March 10, 1977.
- The purpose of the hearing was to review H.R. 3721 and H.R. 3722.
- The bills propose increasing the authorized appropriation for the SEC for fiscal year 1977.
- The bills propose setting specific authorized appropriation amounts for the SEC for fiscal years 1978, 1979, and 1980.
Show all 5 facts
- The hearing was held by the Subcommittee on Consumer Protection and Finance of the House Committee on Interstate and Foreign Commerce.
Frequently Asked Questions
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Which fiscal years were covered by these funding proposals?
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News Coverage
Follow the record
Votes, people, money & the original sourceFull breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Multi-year Budget Planning
The hearing demonstrates a legislative move to authorize SEC funding across a four-year horizon (1977-1980) rather than a single year.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance60How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz10Current news / social attention level
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