Help For Fighting Ponzi Schemes
The Securities and Exchange Commission, its reputation somewhat battered by the financial crisis, would increase its enforcement budget from $331 million to $353 million, focusing on "areas most at risk for fraud or other serious violations that could harm investors, such as market manipulation through the circulation of false rumors, subprime lending, auction rate securities, hedge funds, institutional insider trading, and ponzi schemes." The spending increase would largely help with forensic data analysis technologies similar to those used by the law firms it faces in court.
Meanwhile, within the Department of the Treasury, Internal Revenue Service spending on information services would increase $157 million to $1.9 billion, as well as $254 million for continued improvements to taxpayer databases and increased use of electronic filing systems.
A number of other agencies are seeing big changes in IT spending as well. The Department of Justice seeks $44 million in new spending on a number of strategic IT projects, including $21 million on a financial management system. Justice is also looking for $25 million to buy more mobile radios for a nationwide wireless law enforcement network. The Department of Education seeks a $169 million cut in spending on the Enhancing Education through Technology program, though that is offset by $650 million in similar spending in the stimulus package.
InformationWeek Analytics has published an independent analysis on government IT priorities. Download the report here (registration required).