chair mary schapiro recently testified before a house appropriations subcommittee about the budget request. >> hearing's going to come to order. thank you all for being here, and i'd like to welcome our witness, s.e.c. chairman schapiro. thanks so much for being here today. thanks to my colleagues for being here as well. joe and i decided not to talk baseball today, since both of our teams lost yesterday, so we're sad, but it is only the beginning, so, hopefully, it will all turn out well at the end. we'll be playing each other in the world series, right? anyway, again, welcome, chairman schapiro. the s.e.c. has the complicated mission of protecting investors, maintaining fair, orderly and efficient markets, and facilitating capital formation, while at the same time, not overregulating our markets and hindering economic recovery. the committee must be vigilant in our oversight of regulatory agencies like the s.e.c. that play an influential role in our economy and have the power to help and hinder american consumers and businesses. since 2001, s.e.c.'s budget has increased over 200%. despit