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Serrano met Thursday with SEC Chairman Mary Schapiro to talk about the agency’s efforts to regulate the nation’s securities markets. Serrano’s Appropriations Subcommittee oversees the annual funding of the SEC, and has boosted the regulator’s staff in recent years to help prevent another financial crisis or further Bernie Madoff type scams.
Today, Congressman Serrano chaired a hearing on the IRS's FY2011 budget, which featured IRS Commissioner Doug Shulman testifying about his agency's budget. The hearing was the first of the year for Serrano's committee, which each year holds a series of hearings on the budgets of the agencies under its jurisdiction. <br><br>