Financial Services and General Government
November 30, 2020October 5, 2021
(FSGG) FY2021 Appropriations: Overview
Baird Webel
The Financial Services and General Government (FSGG) appropriations bill includes funding for
The Financial Services and General Government (FSGG) appropriations bill includes funding for
Acting Section ResearchSpecialist in Financial
the Department of the Treasury, the Executive Office of the President, the judiciary, the District
the Department of the Treasury, the Executive Office of the President, the judiciary, the District
ManagerEconomics
of Columbia, and more than two dozen independent agencies. The House and Senate FSGG bills
of Columbia, and more than two dozen independent agencies. The House and Senate FSGG bills
fund the same agencies, with one exception. The Commodity Futures Trading Commission
fund the same agencies, with one exception. The Commodity Futures Trading Commission
(CFTC) is usually funded through the Agriculture appropriations bill in the House and the FSGG (CFTC) is usually funded through the Agriculture appropriations bill in the House and the FSGG
bill in the Senate.
bill in the Senate.
President’s budget. President Trump submitted his FY2021 budget request on February 10, 2020. The request included a President Trump submitted his FY2021 budget request on February 10, 2020. The request included a
total of $51.1 billion for agencies funded through the FSGG appropriations bill, including $304 million for the CFTC. total of $51.1 billion for agencies funded through the FSGG appropriations bill, including $304 million for the CFTC.
House action. The House Committee on Appropriations reported a Financial Services and General Government The House Committee on Appropriations reported a Financial Services and General Government
Appropriations Act, 2021 (H.R. 7668; H.Rept. 116-456)Appropriations Act, 2021 (H.R. 7668; H.Rept. 116-456)
on July 17, 2020. Approximate total FY2021 funding in the reported on July 17, 2020. Approximate total FY2021 funding in the reported
bill bill
iswas $114.7 $114.7
billion. Of this, $67 billion billion. Of this, $67 billion
iswas emergency spending to address the Coronavirus Disease 2019 (COVID-19) emergency spending to address the Coronavirus Disease 2019 (COVID-19)
pandemic, primarily funding for internet broadband infrastructure. Another $304 million for the CFTC pandemic, primarily funding for internet broadband infrastructure. Another $304 million for the CFTC
iswas included in the included in the
Agriculture appropriations bill (H.R. 7610; H.Rept. 116-446).Agriculture appropriations bill (H.R. 7610; H.Rept. 116-446).
The combined total of $115.0 billion The combined total of $115.0 billion
iswas $63.9 billion larger $63.9 billion larger
than the President’s FY2020 request due to the emergency funding. Comparing nonemergency funding, the approximate than the President’s FY2020 request due to the emergency funding. Comparing nonemergency funding, the approximate
combined total for FSGGcombined total for FSGG
funding in the House billsfunding in the House bills
, $48 billion, , $48 billion,
iswas $3.1 billion less than the President’s request. $3.1 billion less than the President’s request.
The text of H.R. 7668 was included as Division D of H.R. 7617 when that bill was considered on the House floor. H.R. 7617
The text of H.R. 7668 was included as Division D of H.R. 7617 when that bill was considered on the House floor. H.R. 7617
was amended numerous times, primarily shifting funding among FSGG agencies but also increasing the total slightly through was amended numerous times, primarily shifting funding among FSGG agencies but also increasing the total slightly through
an addition to the emergency spending. H.R. 7617 passed the House on July 31, 2020. Funding for the CFTC was included in an addition to the emergency spending. H.R. 7617 passed the House on July 31, 2020. Funding for the CFTC was included in
Division B of H.R. 7608, which passed the House on July 24, 2020. Division B of H.R. 7608, which passed the House on July 24, 2020.
Senate action. The Senate Appropriations Committee The Senate Appropriations Committee
has held one subcommittee hearing on the FY2021 budget request for held one subcommittee hearing on the FY2021 budget request for
an FSGG an FSGG agency, the Federal Communications Commission, but agency, the Federal Communications Commission, but
hasdid not not
actedact on an FSGG appropriations bill at either the on an FSGG appropriations bill at either the
subcommittee or the full committee level. On November, 10, 2020,subcommittee or the full committee level. On November, 10, 2020,
the chairman of the committee released draft text and an the chairman of the committee released draft text and an
explanatory statement for an FSGG appropriations bill. explanatory statement for an FSGG appropriations bill.
Continuing resolution. No full-year FY2021 appropriations measure was enacted prior to the end of September 2020. No full-year FY2021 appropriations measure was enacted prior to the end of September 2020.
Congress passed, and the President signed, Congress passed, and the President signed,
H.R. 8337/P.L. 116-159, a continuing resolutionfive different continuing resolutions (P.L. 116-159, P.L. 116-215, P.L. 116-225, P.L. 116-226, and P.L. 116-246) providing for appropriations providing for appropriations
through December through December
1128, 2020, based largely on FY2020 levels. In addition to the continuing provisions, P.L. 116-159 did provide an additional $13 million for the District of Columbia.
Full-year enactment. FSGG FY2021 appropriations were ultimately provided in P.L. 116-260, the Consolidated Appropriations Act, 2021, passed by both House and Senate on December 21, 2020, and signed by the President on December 27, 2020. Division E of P.L. 116-260 appropriated approximately $47.5 billion for FSGG agencies, including the CFTC. This total did not include the emergency spending included in the House-passed version of the bill but did include $50 million for the National Archives and Records Administration.
Supplemental appropriations. In the 117th Congress, H.R. 3237 as passed by the House would have provided emergency funding for the District of Columbia and the General Services Administration, but this funding was not included in the enacted version (P.L. 117-31). , 2020, based largely on FY2020 levels.
Although financial services are a major focus of the FSGG appropriations bills, these bills do not include funding for many
Although financial services are a major focus of the FSGG appropriations bills, these bills do not include funding for many
financial regulatory agencies, which are funded outside of the appropriations process. The FSGG bills do, however, often financial regulatory agencies, which are funded outside of the appropriations process. The FSGG bills do, however, often
contain additional legislative provisions relating to such agencies. contain additional legislative provisions relating to such agencies.
The PresidentPresident Trump’s budget request for FY2021 proposed that ’s budget request for FY2021 proposed that
Consumer Financial Protection Bureau funding be provided by congressional appropriations rather than by transfer from the Consumer Financial Protection Bureau funding be provided by congressional appropriations rather than by transfer from the
Federal Reserve, but this change was explicitly rejected in the House committee reportFederal Reserve, but this change was explicitly rejected in the House committee report
and not included in the enacted legislation. .
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1312 Financial Services and General Government (FSGG) FY2021 Appropriations: Overview
Contents
Administration and Congressional Action ....................................................................................... 1
Continuing Resolutions ................... 1
FSGG and Emergency Spending ....................................................................................... 5
Financial Regulatory Agencies and FSGG Appropriations ... 2 Full-Year FY2021 Appropriations .................................................................................. 6
Committee Structure and Scope........... 3
FSGG and Emergency Spending ................................................................................................... 7
Tables
Table 1. Status of FY2021 Financial Services and
General Government (FSGG).. 6 Financial Regulatory Agencies and FSGG Appropriations ................................................................... 3
Table 2. FSGG Appropriations, FY2020-FY2021 7 Committee Structure and Scope ................................................................... 3
Table 3. FSGG Independent Agencies Appropriations, FY2020-FY2021................................... 4
Appendixes
Appendix.8
Tables Table 1. Status of FY2021 Financial Services and
General Government (FSGG) Anomalies in the
Continuing Resolution (P.L. 116-159)Appropriations ............................................................................. 3
Table 2. FSGG Appropriations, FY2020-FY2021 ........................................................................... 3 Table 3. FSGG Independent Agencies Appropriations, FY2020-FY2021 ...................................... 4 .................. 8
Contacts
Author Information .......................................................................................................................... 9 10
Congressional Research Service
Congressional Research Service
Financial Services and General Government (FSGG) FY2021 Appropriations: Overview
he Financial Services and General Government (FSGG) appropriations
he Financial Services and General Government (FSGG) appropriations
bil bill includes includes
funding for the Department of the Treasury (Title I),1 the Executive Office of the President funding for the Department of the Treasury (Title I),1 the Executive Office of the President
T (Title II), the judiciary (Title III),2 the District of Columbia (Title IV), and more than two
T (Title II), the judiciary (Title III),2 the District of Columbia (Title IV), and more than two
dozen independent agencies (Title V). The
dozen independent agencies (Title V). The
bil typical ybill typically funds mandatory retirement accounts in funds mandatory retirement accounts in
Title VI, which also contains additional general provisions applying to the funding provided to Title VI, which also contains additional general provisions applying to the funding provided to
agencies through the FSGG agencies through the FSGG
bil bill. Title VII . Title VII
typical ytypically contains general provisions that apply contains general provisions that apply
government-wide.government-wide.
The House and Senate FSGG
The House and Senate FSGG
bil sbills fund the same agencies, with one exception. The Commodity fund the same agencies, with one exception. The Commodity
Futures Trading Commission (CFTC) is funded through the Agriculture appropriations Futures Trading Commission (CFTC) is funded through the Agriculture appropriations
bil bill in the in the
House and the FSGG House and the FSGG
bil bill in the Senate. Where the CFTC is funded upon enactment depends on in the Senate. Where the CFTC is funded upon enactment depends on
which chamber originated the law, which which chamber originated the law, which
typical y alternates annual ytypically alternates annually. Thus, the enacted amounts . Thus, the enacted amounts
for the CFTC are for the CFTC are
typical ytypically in the Agriculture appropriations in the Agriculture appropriations
bil bill one year and the FSGG one year and the FSGG
appropriations appropriations
bil bill the following year. the following year.
This structure has existed in its current form since the 2007 reorganization of the House and
This structure has existed in its current form since the 2007 reorganization of the House and
Senate Committees on Appropriations. Although financial services are a major focus of the FSGG Senate Committees on Appropriations. Although financial services are a major focus of the FSGG
appropriations appropriations
bil bill, the , the
bil bill does not include funding for many financial regulatory agencies, does not include funding for many financial regulatory agencies,
which are instead funded outside of the appropriations process. which are instead funded outside of the appropriations process.
ItHowever, it is not uncommon for legislative is not uncommon for legislative
provisions addressing various financial regulatory issues to be included in titles at the end of the provisions addressing various financial regulatory issues to be included in titles at the end of the
bil bill. .
Administration and Congressional Action
President Trump submitted his FY2021 budget request on February 10, 2020. The requested President Trump submitted his FY2021 budget request on February 10, 2020. The requested
amount for agencies funded through the FSGG appropriations bill totaled approximately $51.1 amount for agencies funded through the FSGG appropriations bill totaled approximately $51.1
bil ion, billion, including $304 including $304
mil ion million for the CFTC.3for the CFTC.3
The House Committee on Appropriations reported a Financial Services and General Government
The House Committee on Appropriations reported a Financial Services and General Government
Appropriations Act, 2021 (H.R. 7668)Appropriations Act, 2021 (H.R. 7668)
4 on July 17, 2020. on July 17, 2020.
45 Approximate total FY2021 funding in Approximate total FY2021 funding in
the reported the reported
bil isbill was $114.7 $114.7
bil ionbillion. Of this. Of this
amount, $67 billion was, $67 bil ion is emergency spending to address the emergency spending to address the
Coronavirus Disease 2019 (COVID-19) pandemicCoronavirus Disease 2019 (COVID-19) pandemic
, primarily funding for broadband infrastructure. Another $304 mil ion for the CFTC is contained in Title X, which would have provided $61 billion for expansion of internet broadband through Federal Communications Commission (FCC) grants and $6 billion for federal buildings through the General Services Administration (GSA). Another $304 million for the CFTC was included in the Agriculture appropriations included in the Agriculture appropriations
bil bill (H.R. 7610).(H.R. 7610).
56 The combined total of $115 The combined total of $115
bil ion is $63.9 bil ion billion was $63.9 billion more than the President’s more than the President’s
FY2021 request due to the emergency funding. Comparing nonemergency FY2021 request due to the emergency funding. Comparing nonemergency
funding, the
approximate combined total for FSGG funding in the House bil s, $48 bil ion, is $3.1 bil ion less
than the President’s request.
1 For more information, see CRS1 For more information, see CRS
In FocusIn Focus
IF11607, IF11607,
IRSInternal Revenue Service Appropriations, FY2021, by Gary Guenther. , by Gary Guenther.
2 For more information, see CRS2 For more information, see CRS
In FocusIn Focus
IF11534, IF11534,
Judiciary Budget Request, FY2021, by Barry J. McMillion. , by Barry J. McMillion.
3 3
T heThe President’s budget does President’s budget does
not total the requested amounts according to the congressional appropriations structure. not total the requested amounts according to the congressional appropriations structure.
T hisThis total amount is as reported in H.Rept. 116-456. total amount is as reported in H.Rept. 116-456.
4 This bill, and all others unless specifically noted, are from the 116th Congress. 5 4 U.S.U.S.
Congress, HouseCongress, House
Committee on Appropriations, Committee on Appropriations,
Financial Services and General Government Appropriations
Bill, 2021, report to accompany H.R. 7668, 114th Cong., 2nd sess., July, report to accompany H.R. 7668, 114th Cong., 2nd sess., July
17, 2020, H.Rept. 116-456 (Washington: GPO, 17, 2020, H.Rept. 116-456 (Washington: GPO,
2020). 2020).
56 U.S. U.S.
Congress, HouseCongress, House
Committee on Appropriations, Committee on Appropriations,
Agriculture, Rural Development, Food and Drug
Adm inistrationAdministration, and Related Agencies Appropriations Act, 2021 , report to accompany H.R. 7610, 116th Cong., 2nd sess., , report to accompany H.R. 7610, 116th Cong., 2nd sess.,
JulyJuly
13, 2020, H.Rept. 116-446 (Washington: GPO, 2020). 13, 2020, H.Rept. 116-446 (Washington: GPO, 2020).
Congressional Research Service
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1
link to page 11 link to page 6 link to page 6 link to page 7 link to page 6 link to page 7 Financial Services and General Government (FSGG) FY2021 Appropriations: Overview
Financial Services and General Government (FSGG) FY2021 Appropriations: Overview
funding, the approximate combined total for FSGG funding in the House bills, $48 billion, was $3.1 billion less than the President’s request.
H.R. 7668 was included as Division D of H.R. 7617 when that
H.R. 7668 was included as Division D of H.R. 7617 when that
bil bill was considered on the House was considered on the House
floor. H.R. 7617 was amended numerous times, shifting funding among FSGG agencies but not floor. H.R. 7617 was amended numerous times, shifting funding among FSGG agencies but not
changing the FSGG totals.changing the FSGG totals.
67 H.R. 7617 passed the House H.R. 7617 passed the House
on July 31, 2020. July 31, 2020.
The Senate Appropriations Committee
The Senate Appropriations Committee
has held one subcommittee hearing on the FY2021 budget held one subcommittee hearing on the FY2021 budget
request for an FSGG agency, the request for an FSGG agency, the
Federal Communications Commission (FCC)FCC, but , but
has not acted did not act on an FSGG appropriations on an FSGG appropriations
bil bill at either the subcommittee or the full committee level. On at either the subcommittee or the full committee level. On
November 10, November 10,
then-Chairman Richard Shelby released a draft Chairman Richard Shelby released a draft
bil bill and a draft explanatory statement in and a draft explanatory statement in
a press release indicating, “By and large, these a press release indicating, “By and large, these
bil sbills are the product of bipartisan cooperation are the product of bipartisan cooperation
among members of the committee.”among members of the committee.”
7 Committee8 Then-committee Vice Chair Patrick Leahy released a statement Vice Chair Patrick Leahy released a statement
indicating “disappointment” at the absences of opportunities to amend the indicating “disappointment” at the absences of opportunities to amend the
bil sbills and indicating and indicating
areas wherein he would seek “improvements” in the drafts with further negotiations.areas wherein he would seek “improvements” in the drafts with further negotiations.
89
Continuing Resolutions
With the end of FY2020 approaching and no full-year appropriations measure enacted to fund the With the end of FY2020 approaching and no full-year appropriations measure enacted to fund the
FSGG agencies (or the rest of the government), the House passed H.R. 8337, the Continuing FSGG agencies (or the rest of the government), the House passed H.R. 8337, the Continuing
Appropriations Act, 2021 and Other Extensions Act, on September 22, 2020, and the Senate Appropriations Act, 2021 and Other Extensions Act, on September 22, 2020, and the Senate
followed on September 30, 2020. The President signed the followed on September 30, 2020. The President signed the
bil bill, now P.L. 116-159, on October 1, , now P.L. 116-159, on October 1,
2020. This continuing resolution provided funding through December 11, 2020, based on the 2020. This continuing resolution provided funding through December 11, 2020, based on the
FY2020 levels with a certain number of changes (known FY2020 levels with a certain number of changes (known
general ygenerally as as
anomalies).).
910 The anomalies The anomalies
for the FSGG agencies are contained in Division A, Sections 129-139, and primarily for the FSGG agencies are contained in Division A, Sections 129-139, and primarily
address provide continuing funding for the District of Columbia, the funding for the District of Columbia, the
Smal Small Business Administration (SBA), and various Business Administration (SBA), and various
agencies involved in the presidential election and transition. These anomalies are detailed in the
Appendix.10
Table 1 below reflects the status of FY2021 FSGG appropriations measures at key points in the appropriations process in the 116th Congress. Table 2 lists the broad amounts requested by the President and included in the various FSGG bil s, largely by title, and Table 3 details the amounts
for the independent agencies. Specific columns in Table 2 and Table 3 are FSGG agencies’ enacted amounts for FY2020, the President’s FY2021 request, and the FY2021 amounts from
H.R. 7617 as it passed the House.
6 House-passed amendments to the FSGG agencies involved in the presidential election and transition.11 Section 131 contained $13 million in additional FY2021 funding for “Emergency Planning and Security Costs in the District of Columbia.”
Four additional continuing resolutions (P.L. 116-215, P.L. 116-225, P.L. 116-226, and P.L. 116-246) were enacted, ultimately providing for appropriations through December 28, 2020, based largely on FY2020 levels.
7 House-passed amendments to the FSGG portion (Division D) of H.R. 7617 were H.Amdt. 867 and H.Amdt. 868. portion (Division D) of H.R. 7617 were H.Amdt. 867 and H.Amdt. 868.
Both of these were en bloc amendments and includedBoth of these were en bloc amendments and included
amendments numberedamendments numbered
194, 195, 194, 195,
19 6196, 197, 198, 199, 200, 202, , 197, 198, 199, 200, 202,
203, 204, 205, 206, 208, 209, 210, 211, 212, 213, 215, and 216 in the report (H.Rept. 116-461) accompanying the rule 203, 204, 205, 206, 208, 209, 210, 211, 212, 213, 215, and 216 in the report (H.Rept. 116-461) accompanying the rule
(H.Res. 1067) providing for the consideration of H.R. 7617.(H.Res. 1067) providing for the consideration of H.R. 7617.
7 See U.S.
8 See U.S. Congress, Senate Committee on Appropriations, “Committee Releases FY21 BillsCongress, Senate Committee on Appropriations, “Committee Releases FY21 Bills
in Effort to Advance in Effort to Advance
Process, Produce Bipartisan Results,” https://www.appropriations.senate.gov/news/committee-releases-fy21-bills-in-Process, Produce Bipartisan Results,” https://www.appropriations.senate.gov/news/committee-releases-fy21-bills-in-
efforteffort
-to-advance-process-produce-bipartisan-results/. -to-advance-process-produce-bipartisan-results/.
8
9 See See
U.S.U.S.
Congress, Senate Committee on Appropriations, “Congress, Senate Committee on Appropriations, “
Senate Approps Vice Chair Leahy Statement on the Senate Approps Vice Chair Leahy Statement on the
ReleaseRelease
of the FY 2021 Senate Appropriations Bills,” https://www.appropriations.senate.gov/news/minority/senate-of the FY 2021 Senate Appropriations Bills,” https://www.appropriations.senate.gov/news/minority/senate-
approps-vice-chair-leahy-statement-on-the-release-of-the-fy-2021-senate-appropriations-bills-/. approps-vice-chair-leahy-statement-on-the-release-of-the-fy-2021-senate-appropriations-bills-/.
910 For a general overview of continuing resolutions, see CRS For a general overview of continuing resolutions, see CRS
Report R46595, Report R46595,
Continuing Resolutions: Overview of
Com ponentsComponents and Practices, coordinated by Kevin P. McNellis., coordinated by Kevin P. McNellis.
10
11 For more complete information regarding P.L. 116-159, see CRS For more complete information regarding P.L. 116-159, see CRS
Report R46582, Report R46582,
Overview of Continuing
Appropriations for FY2021 (P.L. 116 -159), by James V. Saturno and Kevin P. McNellis., by James V. Saturno and Kevin P. McNellis.
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Financial Services and General Government (FSGG) FY2021 Appropriations: Overview
link to page 6 link to page 6 link to page 7 link to page 6 link to page 7 Financial Services and General Government (FSGG) FY2021 Appropriations: Overview
Full-Year FY2021 Appropriations Full-year FY2021 FSGG appropriations were enacted on December 27, 2020, as Division E of the Consolidated Appropriations Act, 2021 (P.L. 116-260/H.R. 133). Division E was included in the measure during House consideration along with three other divisions on a vote of 327-85 on December 21, 2021.12 The Senate completed passage of H.R. 133 including the complete appropriations for FY2021 on December 21, 2021, following the House passage. P.L. 116-260 did not include any of the emergency funding included in the initial House-passed H.R. 7617 but did include $50 million for the Records Center Revolving Fund in the National Archives and Records Administration. FSGG funding in P.L. 116-260 totaled approximately $47.5 billion, $3.6 billion under the President’s request.
Table 1 below reflects the status of FY2021 FSGG appropriations measures at key points in the appropriations process. Table 2 lists, largely by title, the amounts requested by the President and included in the various FSGG bills, and Table 3 details the amounts for the independent agencies. Specific columns in Table 2 and Table 3 are FSGG agencies’ enacted amounts for FY2020, the President’s FY2021 request, the FY2021 amounts from H.R. 7617 as it passed the House, the Senate Committee majority draft, and the combined enacted amounts from P.L. 116-260 and P.L. 116-159.
Table 1. Status of FY2021 Financial Services and
General Government (FSGG) Appropriations
Subcommittee
Markup
Final Adoption
House
House
Senate
Senate
Conference
Enact-
House
Senate
Report Report Passage
Report Passage
Report
House
Senate
ment
July 8,
July 8,
July 17,
July 17,
July 31,
July 31,
Dec.
Dec.
Dec. 27,
2020 2020
—
—
2020
2020
2020
2020
—
—
—
—
—
—
—
—
—21,
21,
2020
2001
2001
Source: Prepared by the Congressional Prepared by the Congressional
Research ServiceResearch Service
(CRS). (CRS).
Table 2. FSGG Appropriations, FY2020-FY2021
(in
(in
mil ions of dol arsmillions of dollars) )
FY2021
Senate
FY2021
Committee
FY2020
FY2021
House-
Majority
FY2021
Agency
Enacted
Request
Passed
Draft
Enacted
Department of the Treasury
Department of the Treasury
13,323
13,323
16,120
16,120
13,
13,
660421
13,079
13,079
—13,413.3
Executive Office of the President
Executive Office of the President
727
727
354
354
742
742
746
746
—759.2
Judiciary
Judiciary
7,912
7,912
8,293
8,293
8,
8,
250251
8,149
8,149
—8,196.8
District
District
of Columbia of Columbia
719
719
753
753
762
762
714
714
—747.5
Independent Agencies
Independent Agencies
65,985
65,985
3,221
3,221
69,
69,
437425
2,
2,
038
—040
1,977.9
Mandatory Retirement
Mandatory Retirement
Accounts Accounts
21,911
21,911
22,389
22,389
22,389
22,389
22,389
22,389
—22,388.6
Total
110,578
51,130
114,989
47,113
—
Sources: H.Rept. 116-456, H.R. 7617, and Senate Appropriations Committee 115
47,483.4
12 There were House votes on two amendments, each combining several appropriations bills.
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Sources: H.Rept. 116-456, H.R. 7617, Senate Appropriations Committee Majority Draft Explanatory Majority Draft Explanatory
StatementStatement, P.L. 116-159 and P.L. 116-260. .
Notes: Totals may not sum due to rounding. Figures Totals may not sum due to rounding. Figures
are net reflecting rescissionsare net reflecting rescissions
and offsetting col ections. and offsetting col ections.
Totals for each column include funding for the CommodityTotals for each column include funding for the Commodity
Futures Trading CommissionFutures Trading Commission
, , which is funded in the which is funded in the
House through the AgricultureHouse through the Agriculture
appropriations bil and in the Senate through the FSGG bil .appropriations bil and in the Senate through the FSGG bil .
RescissionsRescissions
from from the Treasury’sthe Treasury’s
Asset Forfeiture Asset Forfeiture fund are contained in Title VI, Section 633fund are contained in Title VI, Section 633
, and are included in , and are included in
the total for the Department of the Treasury. the total for the Department of the Treasury.
The mandatory spending for the President’sThe mandatory spending for the President’s
salary is contained in Title VI, Section 619, whereas the rest of salary is contained in Title VI, Section 619, whereas the rest of
presidentialpresidential
spending is in Title II. spending is in Title II.
The “Mandatory RetirementThe “Mandatory Retirement
Accounts” amount stemsAccounts” amount stems
from Title VI, Section 619. from Title VI, Section 619.
The “Independent Agencies” total is primarilyThe “Independent Agencies” total is primarily
in Title V but also reflects funding or rescissionsin Title V but also reflects funding or rescissions
for the Public for the Public
Company Accounting Oversight Board scholarships,Company Accounting Oversight Board scholarships,
the Oversight.govthe Oversight.gov
website (Inspectors General Council website (Inspectors General Council
Fund), and the Fund), and the
Smal Business Administration Small Business Administration in Title VI, the Office of Personnel Management and the in Title VI, the Office of Personnel Management and the
CommissionCommission
on Federalon Federal
Naming and DisplaysNaming and Displays
in Title VII, and the emergencyin Title VII, and the emergency
infrastructure spending in Title IX. infrastructure spending in Title IX.
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Table 3. FSGG Independent Agencies Appropriations, FY2020-FY2021
(in
(in
mil ions of dol arsmillions of dollars) )
FY2021
Senate
FY2021
Committee
FY2020
FY2021
House-FY2021
Majority
FY2021
Agency
Enacted
Request
House-Passed
Draft
Enacted
Administrative
Administrative
Conference of the
3.3
3.3
3.5
3.5
3.5
3.5
3.3
3.3
—
3.4
Conference of the United States United States
Commission
Commission
on Federal Naming and on
—
—
—
—
1.5
1.5
—
—
—
—
Federal Naming and Displays Displays
Commodity
Commodity
Futures Futures
Trading
315.0
315.0
304.0
304.0
304.0
304.0
304.0
304.0
—
Commissiona304.0
Trading Commissiona
Consumer Product
Consumer Product
Safety Commission
132.5
132.5
135.0
135.0
137.0
137.0
131.2
131.2
—135.0
Safety Commission
Election Assistance
Election Assistance
Commission
840.2
840.2
13.1
13.1
520.1
520.1
12.8
12.8
—
Federal Communications Commissionb17.0
Commission
Federal
200.0
200.0
(343.1)
(343.1)
61,040.0
61,040.0
—
—
Federal Deposit Insurance Corporation:
(43.0)
(43.0)
(43.0)
—
—
Office of Inspector Generalc
Federal Election Commission
71.5
73.3
73.3
71.5
—
Federal Labor Relations Authority
24.9
28.4
26.1
25.0
—
Federal Permitting Improvement
8.0
10.0
6.0
10.0
—
(354.0)
(374.0)
Communications Commissionb
Federal Deposit
(43.0)
(43.0)
(43.0)
(43.0)
(43.0)
Insurance Corporation: Office of Inspector Generalc
Federal Election
71.5
73.3
73.3
71.5
71.5
Commission
Federal Labor
24.9
28.4
26.1
25.0
26.6
Relations Authority
Federal Permitting
8.0
10.0
6.0
10.0
10.0
Improvement Steering Council Steering Council
Federal
Federal
Trade Commission Trade
172.0
172.0
161.2
161.2
172.0
172.0
162.0
162.0
—
General Services Administrationd
-765.7
866.5
4,935.2
-804.3
—
Harry S Truman Scholarship Foundation
1.7
—
1.7
2.0
—
Inspectors General Council Fund
1.0
—
—
0.9
—
(Oversight.gov)
Merit Systems Protection Board
46.8
44.5
46.8
44.5
—
Morris K. Udal Foundation
5.0
5.0
5.0
5.0
—
National Archives and Records
385.9
367.3
389.2
373.3
—
Administratione
National Credit Union Administration
1.5
—
2.0
—
—
Office of Government Ethics
17.5
18.6
18.6
18.6
—
Office of Personnel Management
420.1
—
337.5
354.0
—
(discretionary)
Office of Special Counsel
27.5
27.4
30.5
27.4
—
Postal Regulatory Commission
16.6
19.2
18.6
16.6
—
Privacy and Civil Liberties Oversight
8.2
8.5
8.5
8.5
—
Board
Public Building Reform Board
—
3.5
3.5
3.5
—
Public Company Accounting Oversight
1.0
-8.0
(1.0)
(1.0)
—
Board Scholarships
Securities and Exchange Commissionb
(1,825.5)
(1,926.2)
(1,951.3)
(1,926.2)
—
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Financial Services and General Government (FSGG) FY2021 Appropriations: Overview
FY2021
Senate
FY2021
Committee
FY2020
FY2021
House-
Majority
FY2021
Agency
Enacted
Request
Passed
Draft
Enacted
Selective Service System
27.1
26.0
27.8
26.0
—
Smal Business Administration (SBA)
63,680.5
739.0
944.4
909.2
—
SBA Prior Year Rescission
-16.4
—
—
—
—
United States Postal Service (USPS)
56.7
55.3
57.3
27.0
—
Fund
USPS Office of Inspector General
250.0
261.6
258.2
250.0
—
United States Tax Court
53.0
59.3
57.0
56.1
—
Total: Independent Agencies (net
65,985.4
3,221.1
69,425.3
2,038.1
—
discretionary)
Sources: H.Rept. 116-456, H.R. 7617, and Senate Appropriations Committee 182.0
Commission
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link to page 9 link to page 9 link to page 9 Financial Services and General Government (FSGG) FY2021 Appropriations: Overview
FY2021
Senate
Committee
FY2020
FY2021
FY2021
Majority
FY2021
Agency
Enacted
Request
House-Passed
Draft
Enacted
General Services
-765.7
866.5
4,935.2
-804.3
-1,022.8
Administrationd
Harry S Truman
1.7
—
1.7
2.0
2.0
Scholarship Foundation
Inspectors General
1.0
—
—
0.9
0.9
Council Fund (Oversight.gov)
Merit Systems
46.8
44.5
46.8
44.5
46.8
Protection Board
Morris K. Udal
5.0
5.0
5.0
5.0
5.0
Foundation
National Archives and
385.9
367.3
389.2
373.3
447.8
Records Administratione
National Credit Union
1.5
—
2.0
—
1.5
Administration
Office of Government
17.5
18.6
18.6
18.6
18.6
Ethics
Office of Personnel
420.1
—
337.5
356.0
361.0
Management (discretionary)
Office of Special
27.5
27.4
30.5
27.4
29.5
Counsel
Postal Regulatory
16.6
19.2
18.6
16.6
17.0
Commission
Privacy and Civil
8.2
8.5
8.5
8.5
8.5
Liberties Oversight Board
Public Building Reform
—
3.5
3.5
3.5
3.5
Board
Public Company
1.0
-8.0
(1.0)
(1.0)
(0.9)
Accounting Oversight Board Scholarships
Securities and
(1,825.5)
(1,926.2)
(1,951.3)
(1,926.2)
(1,926.2)
Exchange Commissionb
Selective Service
27.1
26.0
27.8
26.0
26.0
System
Small Business
63,680.5
739.0
944.4
909.2
921.7
Administration (SBA)
SBA Prior Year
-16.4
—
—
—
—
Rescission
United States Postal
56.7
55.3
57.3
27.0
55.3
Service (USPS) Fund
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Financial Services and General Government (FSGG) FY2021 Appropriations: Overview
FY2021
Senate
Committee
FY2020
FY2021
FY2021
Majority
FY2021
Agency
Enacted
Request
House-Passed
Draft
Enacted
USPS Office of
250.0
261.6
258.2
250.0
250.0
Inspector General
United States Tax
53.0
59.3
57.0
56.1
56.1
Court
Total: Independent
65,985.4
3,221.1
69,425.3
2,038.1
1,977.9
Agencies (net discretionary)
Sources: H.Rept. 116-456, H.R. 7617, Senate Appropriations Committee Majority Draft Explanatory Majority Draft Explanatory
Statement. Notes: Al Statement, P.L. 116-159 and P.L. 116-260. Notes: All figures are rounded to the nearest $100,000. Columns may not sum due to rounding. Figures in figures are rounded to the nearest $100,000. Columns may not sum due to rounding. Figures in
parentheses reflect offsetting col ectionsparentheses reflect offsetting col ections
and are not totaled. The funding for these agencies is primarilyand are not totaled. The funding for these agencies is primarily
in Title in Title
V, but the table also reflectsV, but the table also reflects
funding or rescissionsfunding or rescissions
for the Public Company Accounting Oversight Board for the Public Company Accounting Oversight Board
scholarships (Section 620), the Oversight.gov website (Inspectors Generalscholarships (Section 620), the Oversight.gov website (Inspectors General
Council Fund, Section 631), the Council Fund, Section 631), the
Smal Business Administration Small Business Administration (Section 635), the Office of Personnel Management (Section 734), and the Commission (Section 635), the Office of Personnel Management (Section 734), and the Commission
on Federalon Federal
Naming and DisplaysNaming and Displays
(Section 754), as (Section 754), as
wel well as the emergencyas the emergency
infrastructure spending in Title IX. infrastructure spending in Title IX.
a. The Commoditya. The Commodity
Futures Trading CommissionFutures Trading Commission
is funded in the House through the Agriculture is funded in the House through the Agriculture
appropriations bil and in the Senate through the FSGG
appropriations bil and in the Senate through the FSGG
bil .bil .
b. The Federal
b. The Federal
Communications CommissionCommunications Commission
(FCC) and the Securities(FCC) and the Securities
and Exchange Commissionand Exchange Commission
(SEC) are (SEC) are
funded by col ecting regulatory fees (or “offsetting col ections”),
funded by col ecting regulatory fees (or “offsetting col ections”),
often resulting in no direct appropriations. often resulting in no direct appropriations.
Therefore,Therefore,
the amounts shown for the FCC and the SEC representthe amounts shown for the FCC and the SEC represent
budgetary resources,budgetary resources,
but those amounts but those amounts
are are
usually not included in the table totals.not included in the table totals.
In FY2021, however, the House-passed bil did include amounts over the offsetting col ections for the FCC.
c. Budget authority transferred
c. Budget authority transferred
to the Federal Depositto the Federal Deposit
Insurance Corporation’sInsurance Corporation’s
Office of Inspector GeneralOffice of Inspector General
is is
not included in total FSGG appropriations. It is counted as part of the budget authority in the appropriation
not included in total FSGG appropriations. It is counted as part of the budget authority in the appropriation
account from which it came. account from which it came.
d. The General
d. The General
Services Services Administration’sAdministration’s
(GSA’s)(GSA’s)
real property activitiesreal property activities
are funded through the Federal are funded through the Federal
Buildings Fund (FBF), a multibil ion-dol ar
Buildings Fund (FBF), a multibil ion-dol ar
revolving revolving fund into which federal agencies deposit rental payments fund into which federal agencies deposit rental payments
for leased GSA space. Congress makesfor leased GSA space. Congress makes
the FBF revenue available each year to pay for GSA’sthe FBF revenue available each year to pay for GSA’s
real property real property
activities.activities.
A negative total for the FBF occurs when the amount of funds made available for expenditure in a A negative total for the FBF occurs when the amount of funds made available for expenditure in a
fiscal year is less than the amount of new revenue expected to be deposited.fiscal year is less than the amount of new revenue expected to be deposited.
e. Amount as shown in the committee
e. Amount as shown in the committee
reports.reports.
Figures do not include appropriations for repayments of Figures do not include appropriations for repayments of
principal on the construction of the Archives
principal on the construction of the Archives
II facility. The amounts included in the President’sII facility. The amounts included in the President’s
budget budget
request and the specific appropriations bil srequest and the specific appropriations bil s
include this principal repayment. include this principal repayment.
FSGG and Emergency Spending
Some of the FSGG agencies frequently receive funding through supplemental appropriations bil s in FSGG appropriations are also frequently provided through supplemental appropriations bills in addition to regular appropriations. This is particularly the case for the SBA, which plays a addition to regular appropriations. This is particularly the case for the SBA, which plays a
significant role in recovery following disasters such as hurricanes. significant role in recovery following disasters such as hurricanes.
InFor example, in FY2020, responding to the FY2020, responding to the
COVID-19 pandemic, Congress passed four different supplemental appropriations COVID-19 pandemic, Congress passed four different supplemental appropriations
bil sbills (P.L. 116- (P.L. 116-
123, P.L. 116-127, P.L. 116-136, and P.L. 116-139) containing nearly $64 123, P.L. 116-127, P.L. 116-136, and P.L. 116-139) containing nearly $64
bil ion in emergency
billion in emergency discretionary FSGG appropriations to address the pandemic, with $63.7 appropriations to address the pandemic, with $63.7
bil ionbillion of this total going to the SBA.13
13 In addition to these emergency discretionary appropriations, Congress provided approximately $697 billion in direct appropriations outside of the FSGG structure in FY2020 for programs administered by the SBA, primarily the of this total going to the SBA.
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Financial Services and General Government (FSGG) FY2021 Appropriations: Overview
The House-passed FY2021 bil also includes over $67 bil ion in As mentioned above, the House-passed FY2021 bill (H.R. 7617) also included over $67 billion in “emergency infrastructure “emergency infrastructure
investments to respond to the economic investments to respond to the economic
col apsecollapse related to the related to the
coronavirus,”11coronavirus”14 contained in Title contained in Title
X. The bil would provide $61.04 bil ion X. The bill would have provided $61 billion for expansion of internet broadband through FCC grants for expansion of internet broadband through FCC grants
and $6 and $6
bil ion billion for federal buildings through the for federal buildings through the
General Services Administration (GSAGSA. As enacted, P.L. 116-260 provided $50 million in emergency appropriations for the National Archives and Records Administration.
In the 117th Congress, Title IV of H.R. 3237 as passed by the House would have provided emergency discretionary FSGG funding for the judiciary, the District of Columbia, and the GSA, but this funding was not included in the enacted version (P.L. 117-31). ).
Financial Regulatory Agencies and FSGG
Appropriations
Although financial services are a focus of the FSGG Although financial services are a focus of the FSGG
bil bill, the , the
bil bill does not does not
actual yactually include include
funding for the regulation of much of the financial services industry.funding for the regulation of much of the financial services industry.
1215 Financial regulatory agencies can be broadly subdivided into groups that regulate depositories (primarily banks), insurance, securities, and housing finance Financial services as an industry is often subdivided into banking, insurance, and securities. Federal regulation of the . Federal regulation of the
banking industry is divided among the Federal Reserve, the Federal Deposit Insurance banking industry is divided among the Federal Reserve, the Federal Deposit Insurance
Corporation (FDIC), the Office of Comptroller of the Currency, and the Bureau of Consumer Corporation (FDIC), the Office of Comptroller of the Currency, and the Bureau of Consumer
Financial Protection (Financial Protection (
general ygenerally known as the Consumer Financial Protection Bureau, or CFPB known as the Consumer Financial Protection Bureau, or CFPB
). 13 In addition, credit unions, which , which also has authorities over certain nonbank financial institutions).16 In addition, credit unions, another type of depository that operate similarly to many banksoperate similarly to many banks
in most ways, are regulated by the National , are regulated by the National
Credit Union Administration (NCUA).Credit Union Administration (NCUA).
17 None of these agencies receives its primary funding None of these agencies receives its primary funding
through the appropriations process, with only the FDIC inspector general and a through the appropriations process, with only the FDIC inspector general and a
smal program
small program operated by the NCUAoperated by the NCUA
currently funded in the FSGG currently funded in the FSGG
bil . bill.
Insurance is
Insurance is
general ygenerally regulated at the state level, with some oversight at the holding company regulated at the state level, with some oversight at the holding company
level by the Federal Reserve. There is a relatively level by the Federal Reserve. There is a relatively
smal small Federal Insurance Office (FIO) inside the Federal Insurance Office (FIO) inside the
Treasury, which is funded through the Departmental Offices account, but the FIO has no Treasury, which is funded through the Departmental Offices account, but the FIO has no
regulatory authority.regulatory authority.
1418
Federal securities regulation is divided between the Securities and Exchange Commission (SEC)
Federal securities regulation is divided between the Securities and Exchange Commission (SEC)
and the CFTC, both of which are funded through appropriations.and the CFTC, both of which are funded through appropriations.
1519 The CFTC funding is a
Paycheck Protection Program. In FY2021, such direct appropriations totaled approximately $379 billion. For more on the SBA, see CRS Report RL33243, Small Business Administration: A Primer on Programs and Funding, by Robert Jay Dilger; and CRS Report R43846, Small Business Administration (SBA) Funding: Overview and Recent Trends, by Robert Jay Dilger.
14 H.Rept. 116-456, p. 3. 15 For a more complete discussion regarding the funding of financial regulators and general financial regulatory structure, see CRS Report R43391, Independence of Federal Financial Regulators: Structure, Funding, and Other Issues, by Henry B. Hogue, Marc Labonte, and Baird Webel; and CRS Report R44918, Who Regulates Whom? An Overview of the U.S. Financial Regulatory Framework, by Marc Labonte.
16 For more information, see CRS In Focus The CFTC funding is a relatively straightforward appropriation from the general fund, whereas the SEC funding is
provided by the FSGG bil but then offset through fees col ected by the SEC.
Although funding for many financial regulatory agencies may not be provided by the FSGG bil , legislative provisions affecting financial regulation in general and some of these agencies
specifical y have often been included in FSGG bil s.
The President’s FY2021 budget proposed that funding for the CFPB be restructured. In FY2021, the CFPB’s funding through the Federal Reserve would be reduced, and then, going forward from FY2022, funding would be provided by congressional appropriation from the general fund.16 This
11 H.Rept. 116-456, p. 3. 12 For a more complete discussion regarding the funding of financial regulators and general financial regulatory structure, see CRS Report R43391, Independence of Federal Financial Regulators: Structure, Funding, and Oth er
Issues, by Henry B. Hogue, Marc Labonte, and Baird Webel; and CRS Report R44918, Who Regulates Whom ? An
Overview of the U.S. Financial Regulatory Fram ework, by Marc Labonte.
13 For more information on banking regulation, see CRS In Focus IF10035, IF10035,
Introduction to Financial Services:
Banking, by Raj, by Raj
Gnanarajah. Gnanarajah.
1417 For more information, see CRS For more information, see CRS
In Focus In Focus IF11713, Introduction to Financial Services: Credit Unions, by Darryl E. Getter.
18 For more information, see CRS In Focus IF10043, IF10043,
Introduction to Financial Services: Insurance, by Baird Webel. , by Baird Webel.
1519 For more information, see CRS For more information, see CRS
In FocusIn Focus
IF10032, IF10032,
Introduction to Financial Services: The Securities and Exchange
Com m issionCommission (SEC), by Gary Shorter; and CRS, by Gary Shorter; and CRS
In FocusIn Focus
IF10117, IF10117,
Introduction to Financial Services: Derivatives, by , by
Rena S. Miller.
16 See Office of Management and Budget, Major Savings and Reforms, Fiscal Year 2021, p. 185, https://www.whitehouse.gov/wp-content/uploads/2020/02/msar_fy21.pdf.
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relatively straightforward appropriation from the general fund, whereas the SEC funding is provided by the FSGG bill but then offset through fees collected by the SEC.
Housing finance, particularly the two large government-sponsored enterprises Fannie Mae and Freddie Mac, is overseen by the Federal Housing Finance Agency,20 which is funded primarily through assessments on regulated entities and receives no funding through the FSGG bill.
Although funding for many financial regulatory agencies may not be provided by the FSGG bill, legislative provisions affecting financial regulation in general and some of these agencies specifically have often been included in FSGG bills.
President Trump’s FY2021 budget proposed that funding for the CFPB be restructured. In FY2021, the CFPB’s funding through the Federal Reserve would be reduced, and then, going forward from FY2022, funding would be provided by congressional appropriation from the general fund.21 This proposed change was explicitly rejected in the House committee report and was not included in proposed change was explicitly rejected in the House committee report and was not included in
House legislationHouse legislation
.17 nor in the enacted P.L. 116-260.22
Committee Structure and Scope
The House and Senate Committees on Appropriations reorganized their subcommittee structures The House and Senate Committees on Appropriations reorganized their subcommittee structures
in early 2007. Each chamber created a new Financial Services and General Government in early 2007. Each chamber created a new Financial Services and General Government
Subcommittee. In the House, the jurisdiction of the FSGG Subcommittee is composed primarily Subcommittee. In the House, the jurisdiction of the FSGG Subcommittee is composed primarily
of agencies that had been under the jurisdiction of the Subcommittee on Transportation, Treasury, of agencies that had been under the jurisdiction of the Subcommittee on Transportation, Treasury,
Housing and Urban Development, the Judiciary, the District of Columbia, and Independent Housing and Urban Development, the Judiciary, the District of Columbia, and Independent
Agencies, commonly referred to as TTHUD.Agencies, commonly referred to as TTHUD.
1823 In addition, the House FSGG Subcommittee was In addition, the House FSGG Subcommittee was
assigned four independent agencies that had been under the jurisdiction of the Science, State, assigned four independent agencies that had been under the jurisdiction of the Science, State,
Justice, Commerce, and Related Agencies Subcommittee: the FCC, the Federal Trade Justice, Commerce, and Related Agencies Subcommittee: the FCC, the Federal Trade
Commission (FTC), the SEC, and the SBA. Commission (FTC), the SEC, and the SBA.
In the Senate, the jurisdiction of the FSGG Subcommittee is a combination of agencies from the
In the Senate, the jurisdiction of the FSGG Subcommittee is a combination of agencies from the
jurisdiction of three previously existing subcommittees. Most of the agencies that had been under jurisdiction of three previously existing subcommittees. Most of the agencies that had been under
the jurisdiction of the Transportation, Treasury, the Judiciary, and Housing and Urban the jurisdiction of the Transportation, Treasury, the Judiciary, and Housing and Urban
Development, and Related Agencies Subcommittee were assigned to the FSGG Subcommittee.Development, and Related Agencies Subcommittee were assigned to the FSGG Subcommittee.
1924 In addition, the District of Columbia, which had its own subcommittee in the 109th Congress, was In addition, the District of Columbia, which had its own subcommittee in the 109th Congress, was
placed under the purview of the FSGG Subcommittee, as were four independent agencies that had placed under the purview of the FSGG Subcommittee, as were four independent agencies that had
been under the jurisdiction of the Commerce, Justice, Science, and Related Agencies been under the jurisdiction of the Commerce, Justice, Science, and Related Agencies
Subcommittee: the FCC, FTC, SEC, and SBA. As a result of this reorganization, the House and Senate FSGG Subcommittees have nearly identical jurisdictions, except the CFTC is under the jurisdiction of the FSGG Subcommittee in the Senate and the Agriculture Subcommittee in the
House.
17 H.Rept. 116-456, p. 55. 18 T he
Rena S. Miller.
20 For more information, see CRS In Focus IF11715, Introduction to Financial Services: The Housing Finance System, by Darryl E. Getter.
21 See Office of Management and Budget, Major Savings and Reforms, Fiscal Year 2021, p. 185, https://www.whitehouse.gov/wp-content/uploads/2020/02/msar_fy21.pdf.
22 H.Rept. 116-456, p. 55. 23 The agencies previously under the jurisdiction of the House Appropriations Subcommittee on agencies previously under the jurisdiction of the House Appropriations Subcommittee on
T ransportation, T reasury, Housing Transportation, Treasury, Housing and Urban Development, the Judiciary, the District of Columbia, andand Urban Development, the Judiciary, the District of Columbia, and
Independent Agencies that did Independent Agencies that did
not become part of the FSGGnot become part of the FSGG
Subcommittee wereSubcommittee were
the Department of the Department of
T ransportation (DOT Transportation (DOT), the Department of ), the Department of
HousingHousing
and Urban Development (HUD), the Architectural and and Urban Development (HUD), the Architectural and
T ransportationTransportation Barriers Compliance Board, the Federal Barriers Compliance Board, the Federal
Maritime Commission, the National Maritime Commission, the National
T ransportatio nTransportation Safety Board, the Neighborhood Reinvestment Corporation, and Safety Board, the Neighborhood Reinvestment Corporation, and
the United States Interagency Council on Homelessness. the United States Interagency Council on Homelessness.
19 T he
24 The agencies that did not transfer from the Senate Appropriations Subcommittee on agencies that did not transfer from the Senate Appropriations Subcommittee on
T ransportationTransportation, Treasury, the , Treasury, the
Judiciary,Judiciary,
and Housingand Housing
and Urban Development, and Related Agenciesand Urban Development, and Related Agencies
to FSGGto FSGG
were DOT were DOT, HUD, the Architectural , HUD, the Architectural
and and
T ransportationTransportation Barriers Compliance Board, the Federal Barriers Compliance Board, the Federal
Maritime Commission, the National Maritime Commission, the National
T ransportationTransportation Safety Safety
Board, the Neighborhood Reinvestment Corporation, and the United States Interagency Council on Homelessness. Board, the Neighborhood Reinvestment Corporation, and the United States Interagency Council on Homelessness.
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Financial Services and General Government (FSGG) FY2021 Appropriations: Overview
Subcommittee: the FCC, FTC, SEC, and SBA. As a result of this reorganization, the House and Senate FSGG Subcommittees have nearly identical jurisdictions, except the CFTC is under the jurisdiction of the FSGG Subcommittee in the Senate and the Agriculture Subcommittee in the House.
Author Information
Baird Webel
Specialist in Financial Economics
Disclaimer
This document was prepared by the Congressional Research Service (CRS). CRS serves as nonpartisan shared staff to congressional committees and Members of Congress. It operates solely at the behest of and under the direction of Congress. Information in a CRS Report should not be relied upon for purposes other than public understanding of information that has been provided by CRS to Members of Congress in
Financial Services and General Government (FSGG) FY2021 Appropriations: Overview
Appendix. Financial Services and General
Government (FSGG) Anomalies in the Continuing
Resolution (P.L. 116-159)
Section 129—Extension of District of Columbia Voucher School Accreditation20
Section 129 modifies District of Columbia law so that certain types of private educational institutions participating in the Scholarships for Opportunity and Results Act (Division C of P.L. 112-10) grant program may have up to six years to complete their initial accreditation.21
Previously, these institutions had five years to complete their initial accreditation.
Section 130—District of Columbia Local Funds22
Section 130 grants congressional approval of the District of Columbia general fund and capital budgets for FY2021, consistent with the requirements of the District of Columbia home rule act (P.L. 93-198), which requires congressional approval of the District’s budget. This provision grants the District the authority to expend local y raised funds only for those programs and activities that received funding in the District’s FY2020 appropriation (the District of Columbia
Appropriations Act, 2020 [Title IV of Division C of P.L. 116-93]). This provision also al ows District officials to obligate local y raised funds at the rate set forth in the Fiscal Year 2021 Local
Budget Act of 2020 (D.C. Act 23-408).
Section 131—Additional Funding for Presidential Inauguration Activities23
Section 131 provides an additional $13 mil ion for the District of Columbia’s emergency
planning and security costs related to the upcoming presidential inauguration. This amount is in addition to amounts that have already been appropriated by Section 101 of this act for presidential inauguration planning and security operations. The provision is similar to previous inauguration-related funding anomalies that were provided in past continuing resolutions that preceded
presidential inaugurations.
Section 132—Increased Flexibility to Process Certain Small Business
Administration Loans24
Section 132 reduces funding for loan credit subsidies in the SBA 7(a) loan guarantee program from $99 mil ion to $15 mil ion. The 7(a) loan guarantee program provides loans to smal businesses that might otherwise not find financing, and it is one of the SBA’s primary programs. The funding provided by this provision may be apportioned at the rate necessary to meet demand.25 This provision also authorizes the SBA to accommodate increased demand for
20 T his section was authored by Joseph V. Jaroscak, Analyst in Economic Development Policy. 21 Section 38—1853.07(a)(5)(A)(i)(II)(bb) of the District of Columbia Official Code. 22 T his section was authored by Joseph V. Jaroscak, Analyst in Economic Development Policy. 23 T his section was authored by Joseph V. Jaroscak, Analyst in Economic Development Policy. 24 T his section was authored by Robert Jay Dilger, Senior Specialist in American National Government. 25 For more information, see CRS Report R41146, Small Business Administration 7(a) Loan Guaranty Program .
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Financial Services and General Government (FSGG) FY2021 Appropriations: Overview
commitments to guarantee loans for debentures under the Smal Business Investment Company
program.26
Section 133—Increased Flexibility to Process Small Business Administration
Disaster Loans27
Section 133 al ows amounts made available by Section 101 for the SBA—Disaster Loans Program Account to be apportioned up to the rate for operations necessary to accommodate
increased demand for commitments for disaster administrative expenses.28
Section 134—Additional Funding for Presidential Transition Office Space29
Section 134(a) provides the GSA with $9.9 mil ion to carry out the Presidential Transition Act of 1963 (P.L. 88-277, as amended). The appropriation is for purposes related to the presidential election and is in addition to amounts otherwise appropriated for the GSA. Section 134(b) explicitly states that funding for the GSA’s Pre-Election Presidential Transition account is not
provided under this act.
Section 135—Increased Flexibility for Government Rental Payments30
Section 135 provides that amounts made available by Section 101 for the GSA’s Real Property Activities—Federal Buildings Fund—Limitations on Availability of Revenue may be apportioned
up to the rate for operations necessary for monthly rental of space operations.
Section 136—Additional Funding for Presidential Transition31
Section 136 provides, in addition to amounts appropriated by Section 101, $8 mil ion for the Office of Administration’s Presidential Transition Administrative Support account for expenses to carry out the Presidential Transition Act of 1963 (P.L. 88-277, as amended) and similar expenses. This provision also al ows funds to be transferred to other accounts that provide funding for
offices within the Executive Office of the President and the Office of the Vice President.
Section 137—Additional Funding for Presidential Transition Archival
Activities32
Section 137 provides, in the event of a presidential transition, $18 mil ion to the National Archives to carry out the presidential transition responsibilities under the Presidential Records Act of 1978 (42 U.S.C. §§2201-2207).33 This amount is in addition to amounts otherwise
appropriated by this act for the National Archives.
26 For more information, see CRS Report R41456, SBA Small Business Investment Company Program . 27 T his section was authored by Robert Jay Dilger, Senior Specialist in American National Government. 28 For more information, see CRS Report R41309, The SBA Disaster Loan Program: Overview and Possible Issues for
Congress.
29 T his section was authored by Garrett Hatch, Specialist in American National Government . 30 T his section was authored by Garrett Hat ch, Specialist in American National Government . 31 T his section was authored by Barbara L. Schwemle, Analyst in American National Government . 32 T his section was authored by Meghan M. Stuessy, Analyst in Government Organization and Management . 33 For more information, see CRS Report R46129, The Presidential Records Act: An Overview.
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Financial Services and General Government (FSGG) FY2021 Appropriations: Overview
Section 138—Increased Flexibility for Background Check Administrative
Expenses34
Section 138 provides that amounts made available by Section 101 for Office of Personnel Management (OPM)—Salaries and Expenses, including amounts to be transferred from the
appropriate OPM trust funds, can be apportioned up to the rate for operations necessary to offset any administrative expenses related to transferring the functions of the National Background
Investigations Bureau to the Department of Defense.
Section 139—Extension of Certain Bankruptcy Judgeships35
Section 139 extends the term of office for a temporary federal bankruptcy judgeship in the
Eastern District of Tennessee from five years to nine years.36 This modification further extends a temporary U.S. bankruptcy judgeship for the Eastern District of Tennessee that was original y
created in 1992 (P.L. 102-361).
Author Information
Baird Webel
Acting Section Research Manager
Disclaimer
This document was prepared by the Congressional Research Service (CRS). CRS serves as nonpartisan shared staff to congressional committees and Members of Congress. It operates solely at the behest of and under the direction of Congress. Information in a CRS Report should n ot be relied upon for purposes other than public understanding of information that has been provided by CRS to Members of Congress in
connection with CRS’s institutional role. CRS Reports, as a work of the United States Government, are not connection with CRS’s institutional role. CRS Reports, as a work of the United States Government, are not
subject to copyright protection in the United States. Any CRS Report may be reproduced and distributed in subject to copyright protection in the United States. Any CRS Report may be reproduced and distributed in
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34 T his section was authored by Barbara L. Schwemle, Analyst in American National Government . 35 T his section was authored by Barry J. McMillion, Analyst in American National Government . 36 T his provision modifies Section 2(b)(2)(C)(i) of the T emporary Bankruptcy Judgeships Extension Act of 2012 (28 U.S.C. §152 note; P.L. 112-121).
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