Appropriations Committee Releases Fiscal Year 2020 Financial Services and General Government Funding Bill

Statement

The House Appropriations Committee today released the draft fiscal year 2020 Financial Services and General Government funding bill, which will be considered in subcommittee on Monday, June 3. The legislation provides annual funding for the Department of the Treasury, the Judiciary, the Executive Office of the President, and other independent agencies, including the Small Business Administration.

In total, the draft bill includes $24.55 billion in discretionary funding, an increase of $1.4 billion over the 2019 enacted level and $355.5 million over the President's 2020 budget request. In addition, the bill includes $400 million under a discretionary program integrity cap adjustment for the Internal Revenue Service (IRS) to fund new and continuing investments to expand and improve the effectiveness of the IRS's overall tax enforcement program.

The FSGG bill supports a broad range of functions and services in both the Executive and Judicial branches that are essential to the operation of the Federal Government. In addition, the FSGG bill supports programs that assist and protect the public, such as shielding consumers from defective and dangerous products, assisting small businesses, investing in distressed communities, and ensuring the integrity of Federal elections. The draft bill includes significant funding increases to support these critical functions.

In addition, the bill includes a provision to increase Federal civilian pay by 3.1 percent in 2020.

"Americans deserve a government that will invest in the long-term protection of consumers and investors, strengthen our national security, and promote entrepreneurship here at home. This year's FSGG funding bill takes significant steps to accomplish each of those goals," said House Appropriations Subcommittee on Financial Services and General Government Chairman Mike Quigley. "From increased funding for the IRS to assist taxpayers and bolster enforcement, to supporting the SBA to help small businesses develop and expand throughout the country--this bill will make our economy stronger for everyday Americans. As a critical component of our national security, this bill also helps to fortify our election infrastructure against foreign interference by providing states with funding to replace outdated voting machines and enhance their cybersecurity defenses."

"This bill is about protecting hardworking American families and workers, who have been shortchanged by the Trump administration since day one," said House Appropriations Committee Chairwoman Nita Lowey. "The bill provides increased funding so consumers can receive safe, quality products, small businesses can access the training and resources needed to succeed, and disadvantaged communities can achieve economic growth. Additionally, the bill provides a significant increase in funding to improve election security and integrity, because our democracy belongs in the hands of American voters -- not in the clutches of foreign powers."

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