Financial Services and General Government (FSGG) FY2023 Appropriations: Overview

Financial Services and General Government
July 7, 2022March 26, 2023
(FSGG) FY2023 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
Specialist in FinancialActing Section Research
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
EconomicsManager
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 Biden submitted his full FY2023 budget request on March 28, 2022. The request included a President Biden submitted his full FY2023 budget request on March 28, 2022. The request included a
total of approximately $53.2 billion in appropriations for agencies funded through the FSGG bill, including a net total of total of approximately $53.2 billion in appropriations for agencies funded through the FSGG bill, including a net total of
$249 million for the CFTC. $249 million for the CFTC.
House action. The Financial Services and General Government Appropriations Act, 2023 (H.R. 8254) was marked up in The Financial Services and General Government Appropriations Act, 2023 (H.R. 8254) was marked up in
subcommittee on June 16, 2022, marked up in full committee on June 24, 2022, and reported (H.Rept. 117-393) on June 28, subcommittee on June 16, 2022, marked up in full committee on June 24, 2022, and reported (H.Rept. 117-393) on June 28,
2022. Approximate total FY2022 funding in the reported bill was $51.7 billion. Another $363 million for the CFTC was 2022. Approximate total FY2022 funding in the reported bill was $51.7 billion. Another $363 million for the CFTC was
included in the Agriculture appropriations bill (H.R. 8239; H.Rept. 117-392). The approximate combined total of $52.1 included in the Agriculture appropriations bill (H.R. 8239; H.Rept. 117-392). The approximate combined total of $52.1
billion is $1.1 billion less than the President’s FY2023 request. billion is $1.1 billion less than the President’s FY2023 request.
Senate action. To date, theFSGG appropriations were included as Division D of H.R. 8294 when it was considered on the House floor on July 19-20, 2022. A number of amendments were made moving funding among FSGG agencies without changing the overall totals. Funding for the CFTC was included in Division B of H.R. 8294. The House passed the bill on a vote of 220-207. Senate action. The Senate Committee on Appropriations has held two subcommittee hearings on the Department of Senate Committee on Appropriations has held two subcommittee hearings on the Department of
the Treasury’s Office of Terrorism and Financial Intelligence and the Financial Crimes Enforcement Network and on the the Treasury’s Office of Terrorism and Financial Intelligence and the Financial Crimes Enforcement Network and on the
Internal Internal Revenue Service. No committee action on legislation has occurred, but draft copies of a chairman’s mark and committee report have been posted and the chairman’s mark was introduced as S. 4685 by FSGG Subcommittee Chair Chris Van Hollen. These FSGG bills would appropriate an approximate total of $51.3 billion, $1.9 billion less than the President’s request. Continuing resolution. No full-year FY2023 appropriations measure was enacted prior to the end of September 2022. Three laws (P.L. 117-180, P.L. 117-229, and P.L. 117-264) provided continuing appropriations largely based on FY2022 levels through December 16, 2022, December 23, 2022 and December 30, 2022, respectively. Full-Year FY2023 appropriations. Full-year FY2023 appropriations were ultimately provided in Division E of the Consolidated Appropriations Act, 2023 (P.L. 117-328). P.L. 117-328 was enacted on December 29, 2022, shortly before the end of the 117th Congress. Division E, which included funding for the CFTC, provided appropriations totaling approximately $49.65 billion, $3.5 billion less than the President’s request. Revenue Service. An FY2023 FSGG appropriations bill has yet to be introduced in the Senate or acted upon at either
the subcommittee or the full committee level.
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. In the past, FSGG bills occasionally financial regulatory agencies, which are funded outside of the appropriations process. In the past, FSGG bills occasionally
have contained additional legislative provisions relating to such agencies. In FY2023, however, President Biden’s request have contained additional legislative provisions relating to such agencies. In FY2023, however, President Biden’s request
contained no such legislative provisions, and neither contained no such legislative provisions, and neither to date has the congressional legislationdid Division E of P.L. 117-328. .


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Contents
Administration and Congressional Action ....................................................................................... 1
Continuing Resolution (CR) ..................................................................................................... 2 Full-Year FY2023 Appropriations ................................................................................................... 3 Financial Regulatory Agencies and FSGG Appropriations ............................................................ 11
Committee Structure and Scope .................................................................................................... 12

Tables
Table 1. Status of FY2023 Financial Services and
General Government (FSGG) Appropriations ............................................................................. 23
Table 2. FSGG Appropriations, FY2022-FY2023 ........................................................................... 3
Table 3. Department of the Treasury Appropriations, FY2022-FY2023 ......................................... 4
Table 4. Executive Office of the President Appropriations, FY2022-FY2023 ................................ 6
Table 5. The Judiciary Appropriations, FY2022-FY2023 ............................................................... 7
Table 6. District of Columbia Special Federal Payments Appropriations, FY2022-
FY2023 ......................................................................................................................................... 8
Table 7. FSGG Independent Agencies Appropriations, FY2022-FY2023 ...................................... 9

Appendixes Appendix. FSGG Anomalies in P.L. 117-180................................................................................ 14 Contacts
Author Information ........................................................................................................................ 1315

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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview

Thehe Financial Services and General Government (FSGG) appropriations bill includes funding for Financial Services and General Government (FSGG) appropriations bill includes funding for
a wide variety of federal government functions and government-wide directiona wide variety of federal government functions and government-wide direction T on usage of on usage of
funds.1 The bill funds funds.1 The bill funds
 the Department of the Treasury (Title I),2  the Department of the Treasury (Title I),2
 the Executive Office of the President (Title II),  the Executive Office of the President (Title II),
 the judiciary (Title III),3  the judiciary (Title III),3
 the District of Columbia (Title IV),4 and  the District of Columbia (Title IV),4 and
 more than two dozen independent agencies (Title V).  more than two dozen independent agencies (Title V).
Title VI of the bill typically funds mandatory retirement accounts for the entire government and Title VI of the bill typically funds mandatory retirement accounts for the entire government and
contains additional general provisions applying to the funding provided to agencies through the contains additional general provisions applying to the funding provided to agencies through the
FSGG bill. Title VII typically contains general provisions that apply government-wide. FSGG bill. Title VII typically contains general provisions that apply government-wide.
The House and Senate FSGG bills fund the same agencies, with one exception. The Commodity The House and Senate FSGG bills fund the same agencies, with one exception. The Commodity
Futures Trading Commission (CFTC) is funded through the Agriculture appropriations bill in the Futures Trading Commission (CFTC) is funded through the Agriculture appropriations bill in the
House and the FSGG bill in the Senate. Where the CFTC is funded upon enactment typically House and the FSGG bill in the Senate. Where the CFTC is funded upon enactment typically
depends on which chamber originated the law, which alternates annually. Thus, the enacted depends on which chamber originated the law, which alternates annually. Thus, the enacted
amounts for the CFTC have historically been in the Agriculture appropriations bill one year and amounts for the CFTC have historically been in the Agriculture appropriations bill one year and
the FSGG appropriations bill the following year. the FSGG appropriations bill 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 bill, the bill does not include funding for many financial regulatory agencies, appropriations bill, the bill does not include funding for many financial regulatory agencies,
which are instead funded outside of the appropriations process. However, it is not uncommon for which are instead funded outside of the appropriations process. However, it is not uncommon for
legislative provisions addressing various financial regulatory issues to be included in titles at the legislative provisions addressing various financial regulatory issues to be included in titles at the
end of the bill. end of the bill.
Administration and Congressional Action
President Biden submitted his full FY2023 budget request on March 28, 2022. The request President Biden submitted his full FY2023 budget request on March 28, 2022. The request
included a total of $53.2 billion for agencies funded through the FSGG appropriations bill, included a total of $53.2 billion for agencies funded through the FSGG appropriations bill,
including a net total of $249 million for the CFTC.5 including a net total of $249 million for the CFTC.5
The House Financial Services and General Government Appropriations Act, 2023 (H.R. 8254), The House Financial Services and General Government Appropriations Act, 2023 (H.R. 8254),
was marked up in subcommittee on June 16, 2022; marked up in full committee on June 24, was marked up in subcommittee on June 16, 2022; marked up in full committee on June 24,
2022; and reported (H.Rept. 117-393) on June 28, 2022. Approximate total FY2023 funding in 2022; and reported (H.Rept. 117-393) on June 28, 2022. Approximate total FY2023 funding in
the reported bill was $51.7 billion. Another $365 million for the CFTC was included in the the reported bill was $51.7 billion. Another $365 million for the CFTC was included in the

1 For a complete list of the CRS experts covering the various FSGG agencies, please see CRS Report R42638, 1 For a complete list of the CRS experts covering the various FSGG agencies, please see CRS Report R42638,
Appropriations: CRS Experts, by James M. Specht and Justin Murray. , by James M. Specht and Justin Murray.
2 For more information, see CRS In Focus IF12098, 2 For more information, see CRS In Focus IF12098, Internal Revenue Service Appropriations, FY2023, by Gary , by Gary
Guenther. Guenther.
3 For more information, see CRS In Focus IF11842, 3 For more information, see CRS In Focus IF11842, Judiciary Budget Request, FY2023, by Barry J. McMillion; and , by Barry J. McMillion; and
CRS Report R47155, CRS Report R47155, Judiciary Appropriations, FY2022, by Barry J. McMillion. , by Barry J. McMillion.
4 For more information, see CRS Report R47156, 4 For more information, see CRS Report R47156, FY2022 District of Columbia Budget and Appropriations, by Joseph , by Joseph
V. Jaroscak. V. Jaroscak.
5 The CFTC request was for a total of $365 million, to be offset with $116 million of user fees, which would require 5 The CFTC request was for a total of $365 million, to be offset with $116 million of user fees, which would require
congressional authorization. See the CFTC FY2023 budget request at https://www.cftc.gov/sites/default/files/2022-03/congressional authorization. See the CFTC FY2023 budget request at https://www.cftc.gov/sites/default/files/2022-03/
CFTC_FY_2023_President_Budget_Report_032122.pdf, particularly p. 43. CFTC_FY_2023_President_Budget_Report_032122.pdf, particularly p. 43.
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Agriculture appropriations bill (H.R. 8239; H.Rept. 117-392). The combined total of $52.1 billion Agriculture appropriations bill (H.R. 8239; H.Rept. 117-392). The combined total of $52.1 billion
was approximately $1.1 billion less than the President’s FY2023 request. was approximately $1.1 billion less than the President’s FY2023 request.
To date, an FY2023 FSGG appropriations bill has not been introduced in the Senate or acted upon
at either the subcommittee or the full committee level. FSGG appropriations were included as Division D of H.R. 8294 when that bill taken up by the House of Representatives on July 19-20, 2022. Among the other appropriations measures included was the Agriculture bill with funding for the CFTC in Division B. The House Committee on Rules made a number of amendments in order for floor consideration, most of which were combined into larger en bloc amendments on the floor.6 The adopted amendments shifted funding among some FSGG agencies without changing the overall totals.7 The Senate Committee on Appropriations The Senate Committee on Appropriations
has held two subcommittee hearings on the Department of the Treasury’s Office of Terrorism and has held two subcommittee hearings on the Department of the Treasury’s Office of Terrorism and
Financial Intelligence and the Financial Crimes Enforcement Financial Intelligence and the Financial Crimes Enforcement Network6Network8 and on the Internal and on the Internal
Revenue Service.7
Table 1 below reflects the status of FY2023 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 and emergency supplemental bills. Tables 3-7, respectively, detail
the amounts for the Treasury, the Executive Office of the President, the judiciary, the District of
Columbia, and the independent agencies. Specific columns in Tables 3-7 are FSGG agencies’
enacted amounts for FY2022, the President’s FY2023 request, and the FY2023 amounts from the
House committee-reported H.R. 8254.
Table 1. Status of FY2023 Financial Services and
General Government (FSGG) Appropriations
Subcommittee
Markup
Final Adoption
House
House
Senate
Senate
Conference
Enact-
House
Senate Report Passage
Report Passage
Report
House
Senate
ment
June 16,
June 28,
—

—
—
—



2022
2022
Source: Prepared by CRS.



6Revenue Service.9 On July 28, 2022, Senate Appropriations Committee Chairman Patrick Leahy released the “Chairman’s mark” of all 12 appropriations bills as well as draft committee reports.10 Senate FSGG Subcommittee Chair Chris Van Hollen introduced an FY2023 FSGG bill, S. 4685, reflecting the Chairman’s mark on the same day.11 These FSGG bills would appropriate an approximate total of $51.3 billion, $1.9 billion less than the President’s request. Continuing Resolution (CR) No full-year FY2023 appropriations measure was enacted prior to the end of September 2022. The Senate passed the Continuing Appropriations and Ukraine Supplemental Appropriations Act, 2023, H.R. 6833, on September 29, 2022, with the House of Representatives following on September 30, 2022. The President signed the bill, now P.L. 117-180, on the same day. Division A of P.L. 117-180 provided continuing appropriations through December 16, 2022. This continuing funding is based on the FY2022 levels with a certain number of changes known generally as anomalies. Details on the FY2023 FSGG anomalies can be found in the Appendix of this report. For more information on the FY2023 CR, see CRS Report R47283, Overview of Continuing 6 The amendments can be found in H.Rept. 117-420 at https://www.govinfo.gov/content/pkg/CRPT-117hrpt420/pdf/CRPT-117hrpt420.pdf. The FSGG amendments are numbers 97-138 on pages 15-19. 7 Of the amendments made in order, numbers 98, 99, 101, 102, 108, 114, 119, 121, 124, 126, 127, 129, 130, 132, and 138 passed as part of H.Amdt. 298 and numbers 104, 106, 107, 113, 115, 116, 123, 125, and 136 passed as part of H.Amdt. 299. Of these, numbers 104, 106, 108, 113, 114, 115 and 136 moved funding between FSGG agencies while numbers 102, 107, and 125 moved funding within FSGG agencies. The other amendments both increased and decreased the same amount in the same agencies to highlight particular congressional concerns. The amount of funding being shifted was relatively small, with the GSA being most affected. A total of $13.7 million was shifted out of GSA and into several other agencies. 8 U.S. Congress, Senate Committee on Appropriations, Subcommittee on Financial Services and General Government, U.S. Congress, Senate Committee on Appropriations, Subcommittee on Financial Services and General Government,
Hearing to review the fiscal year 2023 budget request for the Treasury Office of Terrorism and Financial Intelligence, Hearing to review the fiscal year 2023 budget request for the Treasury Office of Terrorism and Financial Intelligence,
and the Treasury Financial Crimes Enforcement Networkand the Treasury Financial Crimes Enforcement Network , 117th Cong., 2nd sess., June 14, 2022, at , 117th Cong., 2nd sess., June 14, 2022, at
https://www.appropriations.senate.gov/hearings/hearing-to-review-the-fiscal-year-2023-budget-request-for-the-https://www.appropriations.senate.gov/hearings/hearing-to-review-the-fiscal-year-2023-budget-request-for-the-
treasury-office-of-terrorism-and-financial-intelligence-and-the-treasury-financial-crimes-enforcement-network. treasury-office-of-terrorism-and-financial-intelligence-and-the-treasury-financial-crimes-enforcement-network.
79 U.S. Congress, Senate Committee on Appropriations, Subcommittee on Financial Services and General Government, U.S. Congress, Senate Committee on Appropriations, Subcommittee on Financial Services and General Government,
Fiscal Year 2023 Budget Request from the U. S. Internal Revenue Service, 117th Cong., 2nd sess., May 3, 2022, at , 117th Cong., 2nd sess., May 3, 2022, at
https://www.appropriations.senate.gov/hearings/the-fiscal-year-2023-budget-request-from-the-u-s-internal-revenue-https://www.appropriations.senate.gov/hearings/the-fiscal-year-2023-budget-request-from-the-u-s-internal-revenue-
service. service.
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview

Table 2. FSGG Appropriations, FY2022-FY2023
(millions of dollars)
FY2023
FY2023
FY2022
FY2023
House
Senate
FY2023
Agency
Enacted
Request
Committee Committee
Enacted
Department of the Treasury
14,237.0
16,156.5
15,558.5
—
—
Executive Office of the President
807.3
854.0
865.5
—
—
Judiciary
8,445.3
9,062.4
8,994.9
—
—
District of Columbia
775.5
773.9
793.9
—
—
Independent Agencies
7,649.5
4,920.8
4,478.2
—
—
Mandatory Retirement Accounts
21,996.6
21,418.6
21,418.6
—
—
Total
53,911.2
53,186.1
52,109.5
—
—
Sources: H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43).
Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net
reflecting rescissions and offsetting collections.
Totals for each column include funding for the Commodity Futures Trading Commission, which is funded in the
House through the Agriculture appropriations bill and in the Senate through the FSGG bill10 U.S. Congress, Senate Committee on Appropriations, “Chairman Leahy Releases Fiscal Year 2023 Senate Appropriations Bills,” press release, July 28, 2022, at https://www.appropriations.senate.gov/news/majority/breaking-chairman-leahy-releases-fiscal-year-2023-senate-appropriations-bills. 11 As the bill has not proceeded through the markup process and therefore has no associated report or detail table, the analysis in this report continues to refer to the draft explanatory statement. Congressional Research Service 2 link to page 6 link to page 6 Financial Services and General Government (FSGG) FY2023 Appropriations: Overview Appropriations for FY2023 (Division A of P.L. 117-180).12 Two additional CRs were enacted, P.L. 117-229 and P.L. 117-264, providing continuing appropriations largely based on FY2022 levels through December 23, 2022, and December 30, 2022, respectively. Full-Year FY2023 Appropriations Full-year FY2023 appropriations were ultimately provided in Division E of the Consolidated Appropriations Act, 2023 (H.R. 2617/P.L. 117-328).13 Initially an unrelated bill on federal employee performance, H.R. 2617 was amended by the House with an appropriations measure on December 14, 2022. The Senate followed with a further amendment on December 22, 2022, and the House agreed to the Senate amendment on December 23, 2022. The President signed the bill on December 29, 2022. Division E, which included funding for the CFTC, provided appropriations for FSGG agencies totaling approximately $49.65 billion, $3.5 billion less than the President’s initial request. Table 1 below reflects the status of FY2023 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 and emergency supplemental bills. Tables 3-7, respectively, detail the amounts for the Treasury, the Executive Office of the President, the judiciary, the District of Columbia, and the independent agencies. Specific columns in Tables 3-7 are FSGG agencies’ enacted amounts for FY2022, the President’s FY2023 request, the FY2023 amounts from the House-passed H.R. 8294, and the amounts from the Senate subcommittee chairman’s bill (S. 4685). Table 1. Status of FY2023 Financial Services and General Government (FSGG) Appropriations Subcommittee Markup Final Adoption House House Senate Senate Conference Enact- House Senate Report Passage Report Passage Report House Senate ment June 16, June 28, July 20, Dec. 23, Dec. 22, Dec. 29, 2022 — 2022 2022 — — — 2022 2022 2022 Source: Prepared by CRS. Table 2. FSGG Appropriations, FY2022-FY2023 (millions of dollars) FY2023 FY2023 Senate FY2022 FY2023 House- Subcommittee FY2023 Agency Enacted Request Passed Chair Enacted Department of the Treasury 93,698.5 16,156.5 15,559.0 15,435.3 14,049.8 12 For a general overview of CRs, see CRS Report R46595, Continuing Resolutions: Overview of Components and Practices, coordinated by Kevin P. McNellis. 13 A joint Explanatory Statement, including the recommendations of the appropriations committees and summary tables, was included in the Congressional Record for December 20, 2022, see https://www.congress.gov/117/crec/2022/12/20/168/198/CREC-2022-12-20-pt1-PgS7819-2.pdf. Congressional Research Service 3 Financial Services and General Government (FSGG) FY2023 Appropriations: Overview FY2023 FY2023 Senate FY2022 FY2023 House- Subcommittee FY2023 Agency Enacted Request Passed Chair Enacted Executive Office of the President 807.3 854.0 870.5 854.0 878.6 Judiciary 8,454.4 9,062.4 8,994.9 8,896.2 8,994.5 District of Columbia 775.5 773.9 793.9 791.3 791.9 Independent Agencies 7,802.5 4,920.8 4,472.7 3,893.5 3,518.0 Mandatory Retirement Accounts 21,996.6 21,418.6 21,418.6 21,418.6 21,418.6 Total 133,534.8 53,186.1 52,109.5 51,288.8 49,651.4 Sources: P.L. 117-328 and Explanatory Statement; S. 4685 and Senate Committee Chair draft report; H.R. 8294 and H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43); P.L. 117-167; and P.L. 117-169. Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net reflecting rescissions and offsetting col ections. FY2022 enacted totals were increased by approximately $79.6 bil ion of appropriations, primarily for the IRS, made in P.L. 117-169. Most of these appropriations are available until the end of FY2031. Totals for each column include funding for the Commodity Futures Trading Commission, which is funded in the House through the Agriculture appropriations bil and in the Senate through the FSGG bil . .
Rescissions from the Treasury’s Asset Forfeiture Fund are contained in Title VI and are included in the total for Rescissions from the Treasury’s Asset Forfeiture Fund are contained in Title VI and are included in the total for
the Department of the Treasury. the Department of the Treasury.
The mandatory spending for the President’s salary is contained in Title VI, whereas the rest of presidential The mandatory spending for the President’s salary is contained in Title VI, whereas the rest of presidential
spending is in Title II. spending is in Title II.
The “Mandatory Retirement Accounts” amount is contained in Title VI. The “Mandatory Retirement Accounts” amount is contained in Title VI.
The “Independent Agencies” total is primarily in Title V but also reflects funding or rescissions for the Public The “Independent Agencies” total is primarily in Title V but also reflects funding or rescissions for the Public
Company Accounting Oversight Board scholarships and the Oversight.gov website (Inspectors General Council Company Accounting Oversight Board scholarships and the Oversight.gov website (Inspectors General Council
Fund) in Title VI and the Office of Personnel Management and the Commission on Federal Naming and Displays Fund) in Title VI and the Office of Personnel Management and the Commission on Federal Naming and Displays
in Title VII. The FY2022 enacted total includes $174,000 in a payment for congressional widows and heirs from in Title VII. The FY2022 enacted total includes $174,000 in a payment for congressional widows and heirs from
P.L. 117-128 and included in H.Rept. 117-393. Such payments have previously been included in the Legislative P.L. 117-128 and included in H.Rept. 117-393. Such payments have previously been included in the Legislative
Branch appropriations Branch appropriations bill.
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
bil .
Table 3. Department of the Treasury Appropriations, FY2022-FY2023
(millions of dollars) (millions of dollars)
FY2023
FY2023Senate
FY2022
FY2023
House
SenateFY2023 Subcommittee
FY2023

Enacted
Request
Committee
Committee
House-Passed Chair Enacted
Departmental Departmental
Offices (Salaries
260.1
293.2
278.4
—
—
414.6 293.2 273.9 255.0 273.9 Offices (Salaries and Expenses) and Expenses)
Committee on Committee on
Foreign
Investment in
0 (20) -1.0 .0
-1.0 -1.0
-1.0 -1.0
—
—
(21) Foreign Investment in the United the United
States Fund States Fund
Terrorism and Terrorism and
Financial
220.2 220.2
212.1 212.1
217220.1 212.1 216.1 Financial .1
—
—
Intelligence Intelligence
Cybersecurity Cybersecurity
80.0 80.0
215.0 215.0
135.0 135.0
—
—
Enhancement
Department-
wide Systems
6.1
11.1
11.1
—
—
and Capital
Investments
Office of
Inspector
42.3
43.9
48.9
—
—
General
Treasury
Inspector
174.3
182.4
179.4
—
—
General for Tax
Administration
Special
Inspector
General for
16.0
9.0
9.0
—
—
Troubled Asset
Relief Program
Special
Inspector
General for
8.0
25.0
16.0
—
—
Pandemic
Recovery
Financial Crimes
Enforcement
180.0
210.3
210.3
—
—
Network
Bureau of the
355.9
372.5
372.5
—
—
Fiscal Service
Alcohol and
Tobacco Tax
128.1
150.9
150.9
—
—
and Trade
Bureau
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview

FY2023
FY2023
FY2022
FY2023
House
Senate
FY2023

Enacted
Request
Committee
Committee
Enacted
Community
Development
Financial
295.0
331.4
336.4
—
—
Institutions
Fund
Internal
Revenue Service
12,594.1
14,100.7
13,594.6
—
—
(total)
Treasury
Forfeiture Fund
-175.0
—
—
—
—
(Rescission)
Ukraine
52.0
—
—
—
—
Emergency
Total
14,237.0
16,156.5
15,558.5
—
—
Source: H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43).
Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net
reflecting rescissions and offsetting collections.
For more information on Treasury appropriations, contact CRS Analyst in Public Finance Gary Guenther.

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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
88.0 100.0 Enhancement Congressional Research Service 4 Financial Services and General Government (FSGG) FY2023 Appropriations: Overview FY2023 Senate FY2022 FY2023 FY2023 Subcommittee FY2023 Enacted Request House-Passed Chair Enacted Department- 6.1 11.1 11.1 8.0 11.1 wide Systems and Capital Investments Office of 42.3 43.9 48.9 43.9 48.9 Inspector General Treasury 577.3 182.4 179.4 179.4 174.3 Inspector General for Tax Administration Special 16.0 9.0 9.0 9.0 9.0 Inspector General for Troubled Asset Relief Program Special 8.0 25.0 16.0 12.0 12.0 Inspector General for Pandemic Recovery Financial Crimes 180.0 210.3 210.3 189.0 190.2 Enforcement Network Bureau of the 355.9 372.5 372.5 372.5 372.5 Fiscal Service Alcohol and 128.1 150.9 150.9 148.9 148.9 Tobacco Tax and Trade Bureau Community 295.0 331.4 338.4 324.0 324.0 Development Financial Institutions Fund Internal 91,505.1 14,100.7 13,594.6 13,594.6 12,319.1 Revenue Service (total) Treasury -175.0 — — — -150.0 Forfeiture Fund (Rescission) Ukraine 52.0 — — — — Emergency Total 93,705.5 16,156.5 15,559.0 15,435.3 14,049.8 Source: P.L. 117-328 and Explanatory Statement; S. 4685 and Senate Committee Chair draft report; H.R. 8294 and H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43); and P.L. 117-169. Congressional Research Service 5 Financial Services and General Government (FSGG) FY2023 Appropriations: Overview Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net reflecting rescissions and offsetting col ections. Figures in parentheses are gross amounts, which are then offset with col ections and thus are treated as zeros in the totals. FY2022 enacted totals were increased by nearly $79.5 bil ion of appropriations, primarily for the IRS, made in P.L. 117-169. Most of these appropriations are available until the end of FY2031. For more information on Treasury appropriations, contact CRS Analyst in Public Finance Gary Guenther. Table 4. Executive Office of the President Appropriations, FY2022-FY2023 (in millions of dollars) FY2023 Senate FY2022 FY2023 FY2023 Subcommittee
Table 4. Executive Office of the President Appropriations, FY2022-FY2023
(in millions of dollars)
FY2023
FY2023
FY2022
FY2023
House
Senate
FY2023

Enacted
Request
Committee
Committee
House-Passed Chair Enacted
The White The White
205.1 205.1
230.5 230.5
230.5 230.5
—
—219.8 234.5
House (total) House (total)
Office of Office of
Management
116.0 116.0
128.0 128.0
128.0 128.0
—
—
127.6 128.0 Management and Budget and Budget
Intellectual Intellectual
Property 1.8
1. 1.89
1.9 1.9
1.9 1.9
—
—
1.9 Property Enforcement Enforcement
Coordinator Coordinator
Office of the Office of the
National Cyber
21.0 21.0
21.9 21.9
21.9 21.9
—
—
21.0 21.9 National Cyber Director Director
Office of Office of
National Drug
449.2 449.2
450.5 450.5
462467.0 466.4 471.1 National Drug .0
—
—
Control Policy Control Policy
Unanticipated Unanticipated
1.0 1.0
1.0 1.0
1.0 1.0
—
—1.0 1.0
Needs Needs
Information Information
Technology
8.0 8.0
13.7 13.7
13.7 13.7
—
—
Oversight and
Reform
Special
Assistance to
the President
4.8
6.1
6.1
—
—
10.0 13.7 Technology Oversight and Reform Special 4.8 6.1 6.1 6.1 6.1 Assistance to the President (Salaries and (Salaries and
Expenses) Expenses)
Official Official
Residence of
the Vice 0.3 0.3
0.3 0.3
0.3 0.3
0.3 0.3
—
—
Residence of the Vice President President
(Operating (Operating
Expenses) Expenses)
Total: EOP
and Funds
Appropriated
807.3
854.0
865870.5 854.0 878.6 and Funds Appropriated to the President Congressional Research Service 6 Financial Services and General Government (FSGG) FY2023 Appropriations: Overview Source: P.L. 117-328 and Explanatory Statement; S. 4685 and Senate Committee Chair draft report; H.R. 8294 and .5
—
—
to the
President
Source: H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43)H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43); and P.L. 117-169. .
Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net
reflecting rescissions and offsetting reflecting rescissions and offsetting collectionscol ections. Most of the table’s funding is contained in Title II except the . Most of the table’s funding is contained in Title II except the
presidential salary included in the White House total, which is mandatory spending in Title VI. presidential salary included in the White House total, which is mandatory spending in Title VI.
For more information on the appropriations for the Executive Office of the President, contact CRS Analyst in For more information on the appropriations for the Executive Office of the President, contact CRS Analyst in
American National Government Barbara Schwemle. American National Government Barbara Schwemle.
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Table 5. The Judiciary Appropriations, FY2022-FY2023
(millions of dollars) (millions of dollars)
FY2023
FY2023Senate
FY2022
FY2023
House
SenateFY2023 Subcommittee
FY2023

Enacted
Request
Committee
Committee
House-Passed Chair Enacted
U.S. Supreme U.S. Supreme
115.5 115.5
143.6 143.6
146.1 146.1
—
—127.3 141.7
Court (total) Court (total)
U.S. Court of U.S. Court of
Appeals for the
37.5 37.5
39.8 39.8
40.1 40.1
—
—
39.4 40.1 Appeals for the Federal Circuit Federal Circuit
U.S. Court of U.S. Court of
International
22.8 22.8
23.7 23.7
23.6 23.6
—
—
23.6 23.6 International Trade Trade
U.S. Courts of U.S. Courts of
Appeals,
District Courts,
8,120.5 8,120.5
8,688.8 8,688.8
8,495.6 8,495.6
—
—
8,548.7 8,630.6 Appeals, District Courts, and Other and Other
Judicial Services Judicial Services
(total) (total)
Administrative Administrative
Office of the
98.5 98.5
111.3 111.3
105.7 105.7
—
—
104.4 102.7 Office of the U.S. Courts U.S. Courts
Federal Judicial Federal Judicial
29.9 29.9
33.5 33.5
34.3 34.3
—
—31.4 34.3
Center Center
United States United States
Sentencing
20.6 20.6
21.9 21.9
21.6 21.6
—
—
21.6 21.6 Sentencing Commission Commission
Judicial Security Judicial Security
—9.1
— —
128.0 128.0
— —
— —
Total: The
8,445.3454.4
9,062.4
8,994.9
—
—
Judiciary
Source: 8,896.2 8,994.5 Judiciary Source: P.L. 117-328 and Explanatory Statement; S. 4685 and Senate Committee Chair draft report; H.R. 8294 and H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43)H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43); P.L. 117-167; and P.L. 117-169. .
Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net
reflecting rescissions and offsetting reflecting rescissions and offsetting collectionscol ections. The “Judicial Security” funding from FY2022 was supplemental funding contained in P.L. 117-167; for FY2023, it was contained in the administrative provisions in Title III, Section 307. .
For more information on judiciary appropriations, contact CRS Analyst in American National Government Barry For more information on judiciary appropriations, contact CRS Analyst in American National Government Barry
J. J. McMillionMcMil ion. .


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Table 6. District of Columbia Special Federal Payments Appropriations,
FY2022-FY2023
(millions of dollars) (millions of dollars)
FY2023
FY2023Senate
FY2022
FY2023
House
SenateFY2023 Subcommittee
FY2023

Enacted
Request
Committee
Committee
House-Passed Chair Enacted
Resident Tuition Resident Tuition
40.0 40.0
20.0 20.0
40.0 40.0
—
—40.0 40.0
Support Support
Emergency Emergency
Planning and
25 25.0 30.0 .0
30.0 30.0
30.0 30.0
—
—
30.0 Planning and Security Security
District of District of
Columbia
257.6 257.6
295.6 295.6
295.6 295.6
—
—
294.0 291.1 Columbia Courts Courts
Defender Defender
46.0 46.0
24.0 24.0
24.0 24.0
—
—24.0 24.0
Services Services
Court Services Court Services
and Offender
286.4 286.4
281.5 281.5
281.5 281.5
—
—
281.5 285.0 and Offender Supervision Supervision
Agency Agency
Public Defender Public Defender
52.6 52.6
53.6 53.6
53.6 53.6
—
—53.6 53.6
Service Service
Criminal Justice Criminal Justice
Coordinating
2.2 2.2
2.5 2.5
2.5 2.5
—
—
2.5 2.5 Coordinating Council Council
Judicial Judicial
0.6 0.6
0.6 0.6
0.6 0.6
—
—0.6 0.6
Commissions Commissions
School School
52.5 52.5
52.5 52.5
52.5 52.5
—
—52.5 52.5
Improvement Improvement
D.C. National D.C. National
0.6 0.6
0.6 0.6
0.6 0.6
—
—0.6 0.6
Guard Guard
HIV/AIDS HIV/AIDS
4.0 4.0
5.0 5.0
5.0 5.0
—
—4.0 4.0
Prevention Prevention
D.C. Water and D.C. Water and
8.0 8.0
8.0 8.0
8.0 8.0
—
—8.0 8.0
Sewer Sewer
Special
Federal
775.5
773.9
793.9
—
—
791.3 791.9 Federal Payments
(total)
Source: P.L. 117-328 and Explanatory Statement; S. 4685 and Senate Committee Chair draft report; H.R. 8294 and H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43)H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43); and P.L. 117-169. .
Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net
reflecting rescissions and offsetting reflecting rescissions and offsetting collectionscol ections. The federal payment for the DC Water and Sewer Authority . The federal payment for the DC Water and Sewer Authority
includes a provision requiring a 100% match from the authority. includes a provision requiring a 100% match from the authority.
For more information on DC appropriations, contact CRS Analyst in Economic Development Policy Joseph V. For more information on DC appropriations, contact CRS Analyst in Economic Development Policy Joseph V.
Jaroscak. Jaroscak.


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Table 7. FSGG Independent Agencies Appropriations, FY2022-FY2023
(millions of dollars) (millions of dollars)
FY2023
Senate FY2022
FY2023
FY2023 House
Senate Subcommittee
FY2023
Agency
Enacted
Request
Committee
Committee
House-Passed Chair Enacted
Administrative Administrative
Conference of the
3.4 3.4 3.5 3.5 3.5 3.5 Conference of the United States Goldwater Foundation — — — 2.0 2.0 Commission on
3.5
3.5
—
—
United States
Commission on
Federal Naming and
— —
— —
1.5 1.5
— —
— —
Federal Naming and Displays Displays
Commodity Futures Commodity Futures
382.0 382.0
249.0 249.0
365.0 365.0
—
—336.0 365.0
Trading Commissio Trading Commissiona
Consumer Product Consumer Product
139.1 139.1
195.5 195.5
166.3 166.3
—
—153.0 152.5
Safety Commission Safety Commission
Election Assistance Election Assistance
95.0 95.0
280.1 280.1
434.1 434.1
—
—422.0 103.0
Commission Commission
Federal Federal
Communications
14,200.0 14,200.0
(390.2) (390.2)
(390.2) (390.2)
—
—
Commissionb(390.2) (390.2) Communications Commissionb
Federal Deposit Federal Deposit
Insurance Corporation:
(46 (46.5) (47.5) .5)
(47.5) (47.5)
(47.5) (47.5)
—
—
(47.5) Insurance Corporation: Office of Inspector Office of Inspector
GeneralcGeneralc
Federal Election Federal Election
74.5 74.5
81.7 81.7
81.7 81.7
—
—78.2 81.7
Commission Commission
Federal Labor Federal Labor
27.4 27.4
31.8 31.8
31.8 31.8
—
—28.8 29.4
Relations Authority Relations Authority
Federal Permitting Federal Permitting
Improvement Steering10.7
10. 10.73
10. 10.30
10.0 10.0
— —
—
Improvement Steering Council Council
Federal Trade Federal Trade
218.5 218.5
280.0 280.0
280.0 280.0
—
—220.0 220.0
Commission Commission
General Services General Services
2,391.4 2,391.4
1,266.7 1,266.7
546.2
—
—
Administrationd532.5 108.4 -114.0 Administrationd
Harry S Truman Harry S Truman
2.5 2.5
— —
2.5
—
—3.0 3.0 3.0
Scholarship Foundation Scholarship Foundation
Inspectors General Inspectors General
Council Fund 0.9
0.9 0.9
0.9 0.9
0.9 0.9
—
—
0.9 Council Fund (Oversight.gov) (Oversight.gov)
Merit Systems Merit Systems
48.2 48.2
53.5 53.5
53.5 53.5
—
—50.5 52.0
Protection Board Protection Board
Morris K. UdallUdall Foundation
5.1 5.1
5.7 5.7
5.7 5.7
—
—
Foundation5.3 5.7
National Archives and National Archives and
Records
476.5 476.5
449.5 449.5
451.8 451.8
—
—
Administratione478.5 490.3 Records Administratione
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FY2023
Senate FY2022
FY2023
FY2023 House
Senate Subcommittee
FY2023
Agency
Enacted
Request
Committee
Committee
House-Passed Chair Enacted
National Credit Union National Credit Union
1.5 1.5
4.0 4.0
4.0 4.0
—
—3.0 3.5
Administration Administration
Office of Government Office of Government
19.2 19.2
22.4 22.4
25.4 25.4
—
—20.1 24.5
Ethics Ethics
Office of Personnel Office of Personnel
Management
370.9 370.9
454.3 454.3
446.3 446.3
—
—
389.5 420.1 Management (discretionary) (discretionary)
Office of Special Office of Special
30.4 30.4
32.0 32.0
32.0 32.0
—
—31.9 31.9
Counsel Counsel
Postal Regulatory Postal Regulatory
17.5 17.5
20.3 20.3
— —
— —
— —
Commission Commission
Privacy and Civil Privacy and Civil
Liberties Oversight
9.8 9.8
10.7 10.7
10.7 10.7
—
—
10.6 10.6 Liberties Oversight Board Board
Public Building Reform Public Building Reform
3.6 3.6
4.0 4.0
4.0 4.0
—
—3.8 4.0
Board Board
Public Company Public Company
Accounting Oversight (2.0)
(2.0) (2.0)
(2.0) (2.0)
(2.0) (2.0)
—
—
(2.0) Accounting Oversight Board Scholarships Board Scholarships
Securities and Securities and
(1,999.7) (1,999.7)
(2,206.4) (2,206.4)
(2,206.4) (2,206.4)
—
—(2,209.8) (2,209.8)
Exchange Exchange CommissionbCommissionb
Selective Service Selective Service
29.2 29.2
29.7 29.7
29.3 29.3
—
—31.7 31.7
System System
Small Business Small Business
Administration (SBA)
2,219.8 2,219.8
1,056.8 1,056.8
1, 1,107.6
—
—115.3 1,124.4 1,218.2 Administration (SBA)
SBA rescission
-13,500.0 -13,500.0
— —

— — —
— —
U.S. Postal Service U.S. Postal Service
52.6 52.6
50.3 50.3
56.3 56.3
—
—50.3 50.3
(USPS) Fund (USPS) Fund
USPS Office of USPS Office of
262.0 262.0
271.0 271.0
271.0 271.0
—
—271.0 271.0
Inspector General Inspector General
U.S. Tax Court U.S. Tax Court
57210.8 .8
57.3 57.3
57.3 57.3
—
—57.3 57.3
Total: Independent
Agencies (Net
7,649 7,802.5
4,920.8
4,478.2
—
—
Discretionary)
Sources: 472.7 3,893.5 3,518.0 Agencies (Net Discretionary) Sources: P.L. 117-328 and Explanatory Statement; S. 4685 and Senate Committee Chair draft report; H.R. 8294 and H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43)H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43); and P.L. 117-169. .
Notes: All figures are rounded to the nearest $100,000. Columns may not sum due to rounding. Figures in All figures are rounded to the nearest $100,000. Columns may not sum due to rounding. Figures in
parentheses are gross amounts, which are then offset with parentheses are gross amounts, which are then offset with collectionscol ections and thus are treated as zeros in the totals. and thus are treated as zeros in the totals.
The funding for the independent agencies is primarily in Title V, but the table also reflects funding or rescissions The funding for the independent agencies is primarily in Title V, but the table also reflects funding or rescissions
in Title VI for the Public Company Accounting Oversight Board scholarships, the Oversight.gov website in Title VI for the Public Company Accounting Oversight Board scholarships, the Oversight.gov website
(Inspectors General Council Fund) and in Title VII for the Office of Personnel Management and the Commission (Inspectors General Council Fund) and in Title VII for the Office of Personnel Management and the Commission
on Federal Naming and Displays. The FY2022 enacted total includes $174,000 in a payment for congressional on Federal Naming and Displays. The FY2022 enacted total includes $174,000 in a payment for congressional
widows and heirs from P.L. 117-128 and included in H.Rept. 117-393. Such payments have previously been widows and heirs from P.L. 117-128 and included in H.Rept. 117-393. Such payments have previously been
included in the Legislative Branch appropriations included in the Legislative Branch appropriations bill.
a. The Commodity Futures Trading Commission is funded in the House through the Agriculture
appropriations bill and in the Senate through the FSGG bill.
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bil . The FY2022 enacted total for the U.S. Tax Court was increased by $153 mil ion of appropriations made in P.L. 117-169, which are available until the end of FY2031. Congressional Research Service 10 Financial Services and General Government (FSGG) FY2023 Appropriations: Overview No amounts are included for the Postal Regulatory Commission as the Postal Service Reform Act of 2022 (P.L. 117-108) removed the commission’s budget from the appropriations process. a. The Commodity Futures Trading Commission is funded in the House through the Agriculture appropriations bil and in the Senate through the FSGG bil . b. The Federal Communications Commission (FCC) and the Securities and Exchange Commission (SEC) are b. The Federal Communications Commission (FCC) and the Securities and Exchange Commission (SEC) are
funded by funded by collectingcol ecting regulatory fees (or “offsetting regulatory fees (or “offsetting collectionscol ections”), often resulting in no direct appropriations. ”), often resulting in no direct appropriations.
Therefore, the amounts shown for the FCC and the SEC represent budgetary resources, but those amounts Therefore, the amounts shown for the FCC and the SEC represent budgetary resources, but those amounts
are usually not included in the table totals. In FY2022, however, the FCC was provided emergency are usually not included in the table totals. In FY2022, however, the FCC was provided emergency
appropriations above the offsetting appropriations above the offsetting collectionscol ections in P.L. 117-58. in P.L. 117-58.
c. The funding amount for the Federal Deposit Insurance Corporation’s (FDIC’s) Office of Inspector General c. The funding amount for the Federal Deposit Insurance Corporation’s (FDIC’s) Office of Inspector General
is determined in the FSGG is determined in the FSGG billbil , but the funding is transferred from nonappropriated FDIC funds and thus is , but the funding is transferred from nonappropriated FDIC funds and thus is
not included in total FSGG appropriations. not included in total FSGG appropriations.
d. The General Services Administration’s (GSA’s) real property activities are funded through the Federal d. The General Services Administration’s (GSA’s) real property activities are funded through the Federal
Buildings Fund (FBF), a Buildings Fund (FBF), a multibillion-dollarmultibil ion-dol ar revolving fund into which federal agencies deposit rental payments revolving fund into which federal agencies deposit rental payments
for leased GSA space. Congress makes the FBF revenue available each year to pay for GSA’s real property for leased GSA space. Congress makes the FBF revenue available each year to pay for GSA’s real property
activities. A negative total for the FBF occurs when the amount of funds made available for expenditure in a activities. 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 report tables. Figures do not include appropriations for repayments of e. Amount as shown in the committee report tables. Figures do not include appropriations for repayments of
principal on the construction of the Archives II facility. The amounts included in the President’s budget principal on the construction of the Archives II facility. The amounts included in the President’s budget
request and the specific appropriations request and the specific appropriations billsbil s include this principal repayment. include this principal repayment.
Financial Regulatory Agencies and FSGG
Appropriations
Although financial services are a focus of the FSGG bill, the bill does not actually include Although financial services are a focus of the FSGG bill, the bill does not actually include
funding for the regulation of much of the financial services industry.funding for the regulation of much of the financial services industry.814 Financial regulatory Financial regulatory
agencies can be broadly subdivided into groups that regulate depositories (primarily banks), agencies can be broadly subdivided into groups that regulate depositories (primarily banks),
insurance, securities, and housing finance. Federal regulation of the banking industry is divided insurance, securities, and housing finance. Federal regulation of the banking industry is divided
among the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), the Office of the among the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), the Office of the
Comptroller of the Currency, and the Bureau of Consumer Financial Protection (generally known Comptroller of the Currency, and the Bureau of Consumer Financial Protection (generally known
as the Consumer Financial Protection Bureau, or CFPB, which also has authorities over certain as the Consumer Financial Protection Bureau, or CFPB, which also has authorities over certain
nonbank financial institutions).nonbank financial institutions).915 In addition, credit unions—another type of depository—which In addition, credit unions—another type of depository—which
operate like banks in most ways, are regulated by the National Credit Union Administration operate like banks in most ways, are regulated by the National Credit Union Administration
(NCUA).(NCUA).1016 None of these agencies receives primary funding through the appropriations process, None of these agencies receives primary funding through the appropriations process,
with only the FDIC inspector general and a small program operated by the NCUA currently with only the FDIC inspector general and a small program operated by the NCUA currently
funded in the FSGG bill. funded in the FSGG bill.
Insurance is generally regulated at the state level, with some oversight at the holding company Insurance is generally regulated at the state level, with some oversight at the holding company
level by the Federal Reserve. There is a relatively small Federal Insurance Office (FIO) inside the level by the Federal Reserve. There is a relatively small Federal Insurance Office (FIO) inside the
Treasury that is funded through the Departmental Offices account, but the FIO has no regulatory Treasury that is funded through the Departmental Offices account, but the FIO has no regulatory
authority.authority.11
Federal securities regulation is divided between the Securities and Exchange Commission (SEC)
and the CFTC, both of which are funded through appropriations.12 The CFTC funding is a

817 14 For a more complete discussion regarding the funding of financial regulators and general financial regulatory For a more complete discussion regarding the funding of financial regulators and general financial regulatory
structure, see CRS Report R43391, 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, , 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. , by Marc Labonte.
915 For more information, see CRS In Focus IF10035, For more information, see CRS In Focus IF10035, Introduction to Financial Services: Banking, by Raj Gnanarajah. , by Raj Gnanarajah.
1016 For more information, see CRS In Focus IF11713, For more information, see CRS In Focus IF11713, Introduction to Financial Services: Credit Unions, by Darryl E. , by Darryl E.
Getter. Getter.
1117 For more information, see CRS In Focus IF10043, For more information, see CRS In Focus IF10043, Introduction to Financial Services: Insurance, by Baird Webel. , by Baird Webel.
12 For more information, see CRS In Focus IF10032, Introduction to Financial Services: The Congressional Research Service 11 Financial Services and General Government (FSGG) FY2023 Appropriations: Overview Federal securities regulation is divided between the Securities and Exchange
Commission (SEC), by Gary Shorter; and CRS In Focus IF10117, Introduction to Financial Services: Derivatives, by
Rena S. Miller.
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview

Commission (SEC) and the CFTC, both of which are funded through appropriations.18 The CFTC funding is a relatively straightforward appropriation from the general fund, whereas the SEC funding is 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. 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 Housing finance, particularly the two large government-sponsored enterprises Fannie Mae and
Freddie Mac, is overseen by the Federal Housing Finance Agency,Freddie Mac, is overseen by the Federal Housing Finance Agency,1319 which is funded primarily which is funded primarily
through assessments on regulated entities and receives no funding through the FSGG bill. 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, 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 legislative provisions affecting financial regulation in general and some of these agencies
specifically have often been included in FSGG bills. In specifically have often been included in FSGG bills. In FY2022FY2023, however, neither the President’s , however, neither the President’s
budget request nor the congressional bills included such legislative provisions. budget request nor the congressional bills included such legislative provisions.
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.1420 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 Federal Communications Justice, Commerce, and Related Agencies Subcommittee: the Federal Communications
Commission (FCC), the Federal Trade Commission (FTC), the SEC, and the Small Business Commission (FCC), the Federal Trade Commission (FTC), the SEC, and the Small Business
Administration (SBA). Administration (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, Judiciary, Housing and Urban Development, and the jurisdiction of the Transportation, Treasury, Judiciary, Housing and Urban Development, and
Related Agencies Subcommittee were assigned to the FSGG Subcommittee.Related Agencies Subcommittee were assigned to the FSGG Subcommittee.1521 In addition, the In addition, the
District of Columbia, which had its own subcommittee in the 109th Congress, was placed under 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 been 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 Subcommittee: the 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 FCC, FTC, SEC, and SBA. As a result of this reorganization, the House and Senate FSGG
Subcommittees have nearly identical jurisdictions, except that CFTC is under the jurisdiction of
the FSGG Subcommittee in the Senate and the Agriculture Subcommittee in the House.




13 18 For more information, see CRS In Focus IF10032, Introduction to Financial Services: The Securities and Exchange Commission (SEC), by Gary Shorter; and CRS In Focus IF10117, Introduction to Financial Services: Derivatives, by Rena S. Miller. 19 For more information, see CRS In Focus IF11715, For more information, see CRS In Focus IF11715, Introduction to Financial Services: The Housing Finance System, ,
by Darryl E. Getter. by Darryl E. Getter.
1420 The agencies previously under the jurisdiction of the House Appropriations Subcommittee on Transportation, The agencies previously under the jurisdiction of the House Appropriations Subcommittee on Transportation,
Treasury, Housing and Urban Development, the Judiciary, the District of Columbia, and Independent Agencies that did Treasury, Housing and Urban Development, the Judiciary, the District of Columbia, and Independent Agencies that did
not become part of the FSGG Subcommittee were the Department of Transportation (DOT), the Department of not become part of the FSGG Subcommittee were the Department of Transportation (DOT), the Department of
Housing and Urban Development (HUD), the Architectural and Transportation Barriers Compliance Board, the Federal Housing and Urban Development (HUD), the Architectural and Transportation Barriers Compliance Board, the Federal
Maritime Commission, the National Transportation Safety Board, the Neighborhood Reinvestment Corporation, and Maritime Commission, the National Transportation Safety Board, the Neighborhood Reinvestment Corporation, and
the U.S. Interagency Council on Homelessness. the U.S. Interagency Council on Homelessness.
1521 The agencies that did not transfer from the Senate Appropriations Subcommittee on Transportation, Treasury, the The agencies that did not transfer from the Senate Appropriations Subcommittee on Transportation, Treasury, the
Judiciary, and Housing and Urban Development, and Related Agencies to FSGG were DOT, HUD, the Architectural Judiciary, and Housing and Urban Development, and Related Agencies to FSGG were DOT, HUD, the Architectural
and Transportation Barriers Compliance Board, the Federal Maritime Commission, the National Transportation Safety and Transportation Barriers Compliance Board, the Federal Maritime Commission, the National Transportation Safety
Board, the Neighborhood Reinvestment Corporation, and the U.S. Interagency Council on Homelessness. Board, the Neighborhood Reinvestment Corporation, and the U.S. Interagency Council on Homelessness.
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Author Information

Baird Webel

Specialist in Financial Economics

Subcommittees have nearly identical jurisdictions, except that CFTC is under the jurisdiction of the FSGG Subcommittee in the Senate and the Agriculture Subcommittee in the House. Congressional Research Service 13 Financial Services and General Government (FSGG) FY2023 Appropriations: Overview Appendix. FSGG Anomalies in P.L. 117-180 Section 128—Department of Treasury Alcohol and Tobacco Tax and Trade Bureau22 Section 128 provides additional funding for “Department of Treasury—Alcohol and Tobacco Tax and Trade Bureau—Salaries and Expenses” at a rate for operations of $14,929,000. These funds are to administer the Craft Beverage Modernization Act import claims program. Section 129—Office of National Cyber Director23 Section 129 creates a new heading under the “Executive Office of the President and Funds Appropriated to the President,” providing $21 million for a new Office of National Cyber Director, which was created by the Fiscal Year 2021 National Defense Authorization Act (P.L. 116-283). Section 130—Judiciary Fees of Jurors and Commissioners24 Section 130 provides funding at a rate for operations of $59,565,000 for “The Judiciary—Courts of Appeals, District Courts, and Other Judicial Services—Fees of Jurors and Commissioners,” enabling statutorily mandated payments to jurors during the duration of the CR. Section 131—Judiciary Court Security25 Section 131 provides an additional $112.5 million in emergency funds for “The Judiciary—Courts of Appeals, District Courts, and Other Judicial Services—Court Security” to be used for security improvements at United States courthouses and federal court facilities. Quarterly reporting from the courts on the use of this funding is also required. Section 132—District of Columbia Local Funds26 Section 132 grants congressional approval to the District of Columbia’s general fund and capital budgets for FY2023. This approval is consistent with the requirement that Congress approve the District’s annual budget under the District of Columbia Self-Government and Government Reorganization Act (P.L. 93-198).27 This provision grants the District the authority to expend locally raised funds only for those programs and activities that received funding in the District’s FY2022 appropriation. This provision also allows District officials to obligate locally raised funds at the rate set forth in the District’s Fiscal Year 2023 Local Budget Act of 2022. 22 This section was authored by Gary Guenther, Analyst in Public Finance. 23 This section was authored by Barbara L. Schwemle, Analyst in American National Government. 24 This section was authored by Barry McMillion, Analyst on the Federal Judiciary. 25 This section was authored by Barry McMillion, Analyst on the Federal Judiciary. 26 This section was authored by Joseph V. Jaroscak, Analyst in Economic Development Policy. 27 For information on the District of Columbia budget process, see CRS Report R47156, FY2022 District of Columbia Budget and Appropriations, by Joseph V. Jaroscak. Congressional Research Service 14 Financial Services and General Government (FSGG) FY2023 Appropriations: Overview Section 133—Veteran-Owned Small Business Certification28 Section 133 provides additional funds at a rate for operations of $20,000,000 for “Small Business Administration—Salaries and Expenses.” This funding is to address costs associated with the establishment of the government-wide certification program for service-disabled-veteran-owned small businesses by January 1, 2023, as required by Section 36 of the Small Business Act (15 U.S.C. §657f) and Section 862 of P.L. 116-283. Section 134—Small Business Administration (SBA) Loan Programs29 Section 134 authorizes the SBA to apportion funding provided by this act at the rate necessary to meet demand for commitments for several of its lending programs, including general business loans authorized under paragraphs (1) through (35) of Section 7(a) of the Small Business Act,30 guarantees of trust certificates authorized by Section 5(g) of the Small Business Act,31 commitments to guarantee loans under Section 503 of the Small Business Investment Act of 1958,32 and commitments to guarantee loans for debentures under Section 303(b) of the Small Business Investment Act of 1958.33 Author Information Baird Webel Acting Section Research Manager 28 This section was authored by R. Corinne Blackford, Analyst in Small Business and Economic Development Policy. 29 This section was authored by Anthony Cilluffo, Analyst in Public Finance. 30 15 U.S.C. §636(a). For more information, see CRS Report R41146, Small Business Administration 7(a) Loan Guaranty Program, by Robert Jay Dilger and Anthony A. Cilluffo. 31 15 U.S.C. §634(g). These trust certificates are related to the secondary market for loans guaranteed by the SBA. 32 15 U.S.C. §697. For more information, see CRS Report R41184, Small Business Administration 504/CDC Loan Guaranty Program, by Robert Jay Dilger and Anthony A. Cilluffo. 33 15 U.S.C. §683(b). For more information, see CRS Report R41456, SBA Small Business Investment Company Program, by Robert Jay Dilger and Anthony A. Cilluffo. Congressional Research Service 15 Financial Services and General Government (FSGG) FY2023 Appropriations: Overview

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