Recently, divisions have emerged again in American politics. Republican members of the House Appropriations Subcommittee proposed a notable measure to cut the SEC's budget for the fiscal year 2026. This move not only involves budget adjustments but also includes the elimination of funding for certain regulatory measures, sparking intense discussions between the two parties.

It is reported that the proposal suggests a 7% reduction in the SEC's budget, lowering the total to about $2.03 billion, a decrease of $153.9 million compared to the fiscal year 2025. More notably, the proposal also includes stopping funding support for the implementation of the cybersecurity incident disclosure rule passed in mid-2023. This rule had previously faced criticism from the banking sector, which believed it could be exploited by malicious actors.

The chair of the subcommittee, Joyce, stated that this proposal aims to control government spending and avoid waste of resources. However, this move immediately drew strong opposition from Democrats. They believe that this proposal could harm the interests of ordinary American citizens while creating conditions for corporations to evade legal responsibilities.

It is worth noting that this proposal targets not only the SEC but also involves the budgets of several other government agencies for the fiscal year 2026. Overall, the plan will cut nearly 8% of the budget, totaling approximately $410 million.

This proposal once again highlights the differences between the two parties in the United States on key issues such as financial regulation and government spending. As discussions deepen, it is worth paying continuous attention to the attitudes of all parties towards this proposal and its potential impacts. Regardless of the final outcome, this debate will undoubtedly have a profound impact on the landscape of financial regulation in the United States.