Private Fund Update - March 10, 2014

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In this issue:

- The 113th Congress

- The Administration

- Securities and Exchange Commission

- Commodity Futures Trading Commission (CFTC)

- Association for Corporate Growth (ACG)

- Private Equity Growth Capital Council (PEGCC)

- Small Business Investor Alliance (SBIA)

- U.S. Chamber of Commerce

- Miscellaneous

- Excerpt from The Administration:

On Tuesday, the President released his FY 2015 budget, which contains $1.014 trillion in discretionary spending – in line with the spending caps agreed to by the Sen. Patty Murray/Rep. Paul Ryan agreement. The President proposes $1.7 billion for the SEC, which would be $26 million more than FY 2014 budget and an increase of $350 million above current levels. The President also requests $280 million for the CFTC, which is $65 million above the current budget level but $35 million below the amount requested last year. SEC Chairwoman Mary Jo White issued a brief statement in support of the President’s proposed increase in SEC funding while CFTC Commissioner Bart Chilton issued a statement calling the President’s proposed CFTC funding level insufficient.

Please see full newsletter below for more information.

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Published In: Consumer Protection Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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