The Report, mandated by Section 967 of the Dodd-Frank Act, was prepared to address the recommendations made in March 2011 by the Boston Consulting Group who submitted a Report to Congress examining the internal operations, structure and need for reform at the Securities and Exchange Commission ("SEC"). The Report noted the budgetary issues the SEC faces and reported on the largely organizational steps the SEC has taken to begin the multi-year task of implementing the recommendations. These efforts have included: designating the Office of the Chief Operating Officer as the BCG Study Executive Sponsor; dividing up the BCG Report recommendations into separate "workstreams" in order to permit further analysis; creating an Executive Steering Committee; establishing a Program Management Office; and developing of a "Mission Advancement Program," which will focus on four major "Management Agenda" items: (1) prioritizing activities and structure organizational operating units to align to the SEC’s strategic direction; (2) strengthening capabilities; (3) developing internal mechanisms to locate cost savings, gather data and clarify or streamline processes; and (4) enhancing the workforce.