The Securities and Exchange Commission is slated to get $1.5 billion for the fiscal year ending next September 30, 2015, up from $1.35 billion for 2014 in an agreement reached Tuesday night between House and Senate leaders.

The Obama Administration had sought $1.7 billion. Most of the increase the White House wanted was for hiring additional financial advisor examiners to raise the exam rate over 9 percent per year.

The SEC’s Division of Economic and Risk Analysis is the only unit of the agency mentioned in the budget. DERA, which is near and dear to the hearts of Republican lawmakers because they see it as weakening proposed rules, will be getting a 25 percent hike to $56.6 million.

Investment Advisor Association President and CEO Karen Barr lauded the deal for providing additional resources for important work at the SEC.

Rumors the bill would contain provisions barring the Department of Labor from imposing a fiduciary duty to pension fund advisors proved unfounded.