Boston Consulting Group submitted a Report to Congress examining the internal operations, structure and need for reform at the Securities and Exchange Commission ("SEC"). The Report recommended a series of initiatives designed to optimize the SEC's resources, but also recommended that Congress consider whether such improvements allow the SEC to meet congressional expectations. If not, Congress will either need to adjust the SEC's funding or change its role to fit available funding, the Report concluded. The Report, mandated by the Dodd-Frank Act, recommended that the SEC: reprioritize its regulatory activity, which would include focusing on activities that the SEC deems critical to commerce or to strengthen the SEC itself, scaling back or stopping activities, or delegating them to self-regulatory organizations ("SRO"); reshape its organization by, among other things, taking into account the reprioritization of regulatory activity and seeking flexibility on certain offices mandated by the Dodd-Frank Act; invest in enabling infrastructure, particularly in the area of information technology and human resources; and enhance its role as an overseer and co-regulator with SROs by strengthening its oversight of them and centralizing its contacts with them.