Mary Schapiro is expected to tell lawmakers today that the Securities and Exchange Commission (SEC) needs to hire 800 people to help it implement the new Wall Street reform law, CNNMoney.com reported.

Schapiro, chairman of the SEC, is scheduled to testify today before a House financial services subcommittee. She plans to discuss oversight of the agency and upcoming challenges related to the financial reform act.

As President Barack Obama prepares to sign the legislation passed by the Senate last week into law, Schapiro plans to tell lawmakers that the new hires are needed to carry out what are expected to be “logistically challenging and extremely labor intensive” rulemaking tasks.

The new law would create five new offices within the SEC and require the agency to vet specific details of new regulations and conduct numerous studies.

But despite those challenges and unknown costs associated with the changes, according to Schapiro’s prepared remarks, which were posted online by the subcommittee, the SEC is “properly positioned” to implement the plan.

She also plans to push for more funding for the agency.