ASA Statement on SEC's Budget Request

WASHINGTON – The American Securities Association (ASA) released the following statement from President and CEO Chris Iacovella on the U.S. Securities and Exchange Commission's (SEC) Fiscal Year 2027 budget request:

"ASA commends Chairman Atkins for rightsizing the SEC's budget, doing more with less, and investing in new technologies to protect American investors and the integrity of our markets. As the appropriations process moves forward, we hope this Congress will also focus on the legality, constitutionality, and excessive cost structure of the Commission’s Consolidated Audit Trail."

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The American Securities Association (ASA) represents the retail and institutional capital markets interests of regional financial services firms who provide Main Street businesses with access to capital and advise hardworking Americans how to create and preserve wealth. ASA’s mission is to promote trust and confidence among investors, facilitate capital formation, and support efficient and competitively balanced capital markets. This mission advances financial independence, stimulates job creation, and increases prosperity. The ASA has a geographically diverse membership of almost one hundred members that spans the Heartland, Southwest, Southeast, Atlantic, and Pacific Northwest regions of the United States.