Securities and Exchange Commission chairman Mary Schapiro told lawmakers Tuesday that the agency needs to hire 800 people to implement provisions in the financial regulatory reform legislation that President Obama is expected to sign into law today.

The hearing by the House Financial Services Committee’s capital markets panel focused primarily on whether the SEC is up to the challenge of adopting roughly 95 rulemakings, conducting 20 studies and establishing a half-dozen new offices, including one for municipal securities, as required by the new law.

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