washington two wall street financial regulators would face cut major structural change president donald trump fiscal 2018 budget proposal accord office management budget document monday u.s. consumer financial protection bureau create 2010 dodd-frank reform law protect borrowers predatory lend would undergo restructure would reduce federal deficit 145 million 2018 fiscal year say securities exchange commission police securities market would reserve fund establish dodd-frank use supplement budget recent years fund use overhaul sec information technology include upgrade file system public company initiatives help police fraud track equities trade pattern white house document say elimination fund would reduce deficit 50 million year maximum amount sec allow deposit annually currently sec cfpb budget impact federal deficit cfpb 605.9 million budget fund federal reserve subject congressional appropriations congress decide sec 1.6 billion budget deficit neutral fee collect wall street firm match amount congress set aside reserve fund separate rest sec general budget fund registration fee omb spokeswoman respond request comment restructure cfpb elimination sec reserve fund would reduce federal deficit cfpb structure political fire years republicans complain hold accountable lead single director fire president fall outside congressional budget control last year u.s. appeal court find cfpb structure violate u.s. constitution bureau slat fight decision wednesday full panel appellate judge reconsider rule legislation propose recently house republicans would subject cfpb appropriations report congressional budget office estimate change could help reduce direct spend 6.9 billion 2018-2027. sec reserve fund long target congressional republicans lead efforts prevent sec use portion money july 2015 sec inspector general predict cancellation fund would stall modernization harm agency trump budget call wall street regulators face restructure