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Regulators Close to Gaining New Funding for Dodd-Frank Efforts

U.S. financial regulators, working to secure funding needed to implement new responsibilities mandated by the Dodd-Frank Act, are in line to be among the few agencies to benefit from the year’s final congressional spending measure.

The Securities and Exchange Commission and Commodity Futures Trading Commission, two agencies writing a bulk of the rules required by the new law, took a first step yesterday toward locking in more funding for next year, even as lawmakers moved to freeze spending for most agencies at 2010 levels.