A US lawmaker wants to cut SEC Chairman Gary Gensler’s salary to $1 a year.
Congressman Tim Burchett, who took action to reduce the budget of the US Securities and Exchange Commission (SEC), also cut the salary of the institution’s chairman, Gary Gensler. $1 per year recommends that it be.
According to current estimates, SEC Chairman Gensler, more than $300,000 per year generates income.
Burchett isn’t the only lawmaker taking action against the SEC. In the bill called FSGG, which was brought to the agenda in July, many state institutions reducing the budget It is recommended.
Councilman Steve Womack, who introduced the bill to a parliamentary committee recently, said some institutions were above the state. begins to create a financial burden drew attention.
In Womack’s view, the SEC without sufficient cost-benefit analysis preventing the decisions taken by the institution to focus on its core mission can provide.