The Republican-dominated House Appropriations Committee asked Tuesday for a $50 million cut for the Securities and Exchange Commission for 2017 against the $1.6 billion the regulator received for the current fiscal year in a draft of the agency’s funding bill.

President Obama had requested $1.8 billion for the agency in the coming budget cycle starting October 1 after the SEC had asked the White House to seek $1.882 billion from Congress.

Much of the extra money the President sought would have gone for more examiners for investment advisors. He cautioned Congress failure to add advisor examiners would pose significant risks for investors.

The budget proposed by the Appropriations Committee would also prohibit the SEC from requiring companies to disclose political contributions for the second year in a row.

Ire by four Democrats on the Senate Banking Committee over the failure of SEC Commissioner nominees Hester Peirce and Lisa Fairfax to state whether they were in favor of requiring the disclosures played a significant role in delaying confirmation of the two for weeks by the panel.

The four had contended the 2016 SEC budget would allow the agency’s staff to develop guidelines for a campaign contribution disclosure requirement.

However, the Appropriations Committee draft released today specifically bars the regulator from studying and developing a mandate.

In the bill, the SEC is required to establish an Office of the Advocate for Small Business Capital Formation.

The full commission would have to respond to recommendations of the small business advocate within three months after they are made.

Additionally, an SEC Small Business Capital Advisory Committee would be established.

The legislation also bans the Financial Stability Oversight Council to designate a non-bank company as posing broad risks to the nation’s financial system until it shows why the actions by the company’s primary financial regulator couldn’t lessen or eliminate the risks.

The prohibition appears to be clearly aimed at putting a roadblock for FSOC to impose capital requirements and other restrictions on asset management companies regulated by the SEC.