Federal agency / SEC
Securities and Exchange Commission
- Canonical ID
- usaspending-agency:050
- Fiscal year
- FY2026
- Abbreviation
- SEC
- Budget justification
- Published ↗
Securities and Exchange Commission had $3.3B in budget authority for FY2026, the 30th largest of 111 top-tier agencies, and has obligated $1.5B of it so far.
FY2026 finances
Budget authority is what Congress made available; obligations are what has been committed; outlays are cash that has actually left the Treasury. The three are routinely confused and are kept apart here.
Budget authority
$3.3B
Obligated
$1.5B
Outlays
$1.4B
Share of federal budget
0.020%
Obligated 45.3% of available budget authority. Early in a fiscal year a low ratio is normal, not a sign of underspending — this figure means little without knowing which quarter it is.
How these figures are defined
Budget authority
Total budget authority available to the agency in the current fiscal year — what Congress has made available to spend, not what has been spent. Compare against obligations to see how much of it has actually been committed.
Obligated
Money the agency has legally committed this fiscal year through contracts, grants and other awards. An obligation is a promise to pay; the cash may leave the Treasury in a later year.
Outlays
Cash that has actually left the Treasury this fiscal year. Outlays lag obligations, sometimes by years, so a low ratio is normal early in a fiscal year rather than a sign of underspending.
Share of federal budget
This agency's budget authority as a share of all federal budget authority. USAspending reports it as a fraction; it is multiplied by 100 here and stored as a percentage, which is the only arithmetic applied to it.
Agencies of comparable size
Ranked 30th of 111 by budget authority. The five agencies either side are shown, because a bar chart against the Treasury's $4.5 trillion would render most agencies as a line one pixel wide.
- 1Railroad Retirement Board$18.2B
- 2Agency for International Development$17.0B
- 3National Science Foundation$10.2B
- 4U.S. International Development Finance Corporation$10.0B
- 5Farm Credit System Insurance Corporation$9.0B
- 6Securities and Exchange Commission$3.3B
- 7Millennium Challenge Corporation$3.0B
- 8Corporation for National and Community Service$2.7B
- 9Executive Office of the President$1.5B
- 10Commodity Futures Trading Commission$1.5B
- 11Patient-Centered Outcomes Research Trust Fund$1.3B
Sources & licence
Provenance
- U.S. Department of the Treasury
- Federal spending by agency and geography