The US SEC Is Preparing For A Government Shutdown
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The United States federal government is preparing for a shutdown, and the exercise will likely impact the Securities and Exchange Commission (SEC). Noteworthy, the partial government shutdown was attributed to a lapse in appropriations. The Threat of Federal Government Shutdown President-elect Donald Trump rejected a bipartisan deal on federal spending. He then demanded that lawmakers address the nation’s debt ceiling before he takes office next month. This Bipartisan bill would keep the government funded past the deadline of midnight on Friday. However, Trump mentioned that there would be dire consequences for any Republican lawmaker who votes for the bipartisan deal. Supporters will face primary challenges within their party in the midterm elections in 2026. Trump wrote on his Truth Social platform, “Any Republican that would be so stupid as to do this should, and will, be Primaried.” – Advertisement – Since Trump voiced the threat, House of Representatives Speaker Mike Johnson and the rest of his leadership team have been trying to create a new compromise bill. He hopes to win the support of his colleagues in the House with a 219-211 majority. They then hope to the Senate, where Democrats hold a 51-49 majority. An action by the US Congress would see the commencement of the partial shutdown if the lawmakers fail to make a compromise. In the case of a shutdown, government workers will not receive their salaries. In addition, there may also be no food assistance program. What This Government Shutdown Means for the US SEC The SEC is preparing for any eventuality, whether the partial government shutdown happens or not. Should there be a shutdown, the agency will prioritize crucial functions like market integrity and investor protection. Also, the SEC confirmed that its internal EDGAR database system for tracking government filings will remain operational. Notably, the Commission can still prosecute fraud…
