Both Timothy Massage, Chairman of the Commodity Futures Trading Commission, and Mary Jo White, Chair of the Securities and Exchange Commission, argued last week for additional funds for their agencies in the 2017 federal budget, before the US Senate Committee on Appropriations, Subcommittee on Financial Services and General Government. For the CFTC, Mr. Massad argued for an additional US $80 million and 183 more full time equivalent personnel for a total budget of US $330 million and 895 FTE. Ms. White asked for a total budget of US $1.781 billion for the SEC. According to Mr. Massad, additional funds and employees are necessary to enhance the CFTC’s ability to collect, analyze and report data; conduct surveillance, examination and enforcement activities; as well as to fulfill various registration and compliance activities and to address end user concerns.