The Securities and Exchange Commission (SEC) announced that due to expected collections exceeding the planned budget of $2,188,658,000 for fiscal year 2025, the transaction fee rate under sections 31(b) and (c) of the Securities Exchange Act will be adjusted to $0.00 per million dollars. This adjustment comes into effect on May 14, 2025. The methodology for calculating the new fee rates, which were initially supposed to offset the SEC's appropriation by Congress, is detailed in the document's Appendix A. Despite financial calculations suggesting a negative fee rate, such a rate is not possible, so it has been rounded to zero.
Simple Explanation
The SEC collected more money than they needed, so they made the fee for dealing with large amounts of money into zero dollars, so it won't cost anything extra for those transactions for a while.