The Dodd-Frank Act Provision Regarding GASB Funding

SIFMA provides comments to the Securities and Exchange Commission (SEC) on the Dodd-Frank Act provision regarding Governmental Accounting Standards Board (GASB) funding. SIFMA believes it is important for the SEC to have the benefit of the conclusions of a Government Accountability Office (GAO) study before it exercises its authority related to GASB funding. SIFMA therefore requests that the SEC withhold any action related to requiring the Financial Industry Regulatory Authority (FINRA) to impose a GASB funding fee on broker-dealers pending the outcome of the GAO’s study.