Financial Services and General Government
March 26September 29, 2023 , 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
Acting Section Research
Acting 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
Manager
Manager
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 $2022. Approximate total FY2022 funding in the reported bill was $51.7 billion. Another $
363365 million for the CFTC was 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.
FSGG appropriations were included as Division D of H.R. 8294 when it was considered on the House floor on July 19-20,
FSGG 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. 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. 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 the The 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 Internal Treasury’s Office of Terrorism and Financial Intelligence and the Financial Crimes Enforcement Network and on the Internal
Revenue Service. No committee action on legislation has occurred, but draft copies of a chairman’s mark and committee 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 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 Hollen. These FSGG bills would appropriate an approximate total of $51.3 billion, $1.9 billion less than the President’s
request. request.
Continuing resolution. No full-year FY2023 appropriations measure was enacted prior to the end of September 2022. Three 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 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, 2022through December 16, 2022, December 23, 2022
, and December 30, 2022, respectively. and December 30, 2022, respectively.
Full-Year FY2023 appropriations. Full-year FY2023 appropriations were ultimately provided in Division E of the 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 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 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. $49.65 billion, $3.5 billion less than the President’s request.
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 did Division E of P.L. 117-328. contained no such legislative provisions, and neither did Division E of P.L. 117-328.
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1817 Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
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 ............................................................................. 3
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................................................................................ 1413
Contacts
Author Information ........................................................................................................................ 1514
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
he Financial Services and General Government (FSGG) appropriations bill includes
he Financial Services and General Government (FSGG) appropriations bill includes
funding for a wide variety of federal government functions and government-wide direction funding for a wide variety of federal government functions and government-wide direction
T on usage of funds.1 The bill funds
T on usage of 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.President Biden submitted his full FY2023 budget request on March 28, 2022.
5 The request 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.including a net total of $249 million for the CFTC.
56
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
5
Office of the Management and Budget, Budget of the U.S. Government Fiscal Year 2023, March 28, 2022, https://www.govinfo.gov/app/collection/budget/2023.
6 The CFTC request was for a total of $365 million, to be offset with $116 million of user fees, which would require 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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1716 Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
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.
FSGG appropriations were included as Division D of H.R. 8294 when that bill taken up by the
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 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 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 Committee on Rules made a number of amendments in order for floor consideration, most of
which were combined into larger which were combined into larger
en bloc amendments on the floor. amendments on the floor.
67 The adopted amendments The adopted amendments
shifted funding among some FSGG agencies without changing the overall totals.shifted funding among some FSGG agencies without changing the overall totals.
78
The Senate Committee on Appropriations has held two subcommittee hearings on the Department
The 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 of the Treasury’s Office of Terrorism and Financial Intelligence and the Financial Crimes
Enforcement Enforcement
Network8Network9 and on the Internal Revenue Service. and on the Internal Revenue Service.
910 On July 28, 2022, Senate On July 28, 2022, Senate
Appropriations Committee Chairman Patrick Leahy released the “Chairman’s mark” of all 12 Appropriations Committee Chairman Patrick Leahy released the “Chairman’s mark” of all 12
appropriations bills as well as draft committee reports.appropriations bills as well as draft committee reports.
1011 Senate FSGG Subcommittee Chair Chris Senate FSGG Subcommittee Chair Chris
Van Hollen introduced an FY2023 FSGG bill, S. 4685, reflecting the Chairman’s mark on the Van Hollen introduced an FY2023 FSGG bill, S. 4685, reflecting the Chairman’s mark on the
same day.same day.
1112 These FSGG bills would appropriate an approximate total of $51.3 billion, $1.9 These FSGG bills would appropriate an approximate total of $51.3 billion, $1.9
billion less than the President’s request. 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. 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, 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 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 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 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 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 th. Details on the FY2023 FSGG anomalies can be found in th
e Appendix of this report. of this report.
For more information on the FY2023 CR, see CRS Report R47283, For more information on the FY2023 CR, see CRS Report R47283,
Overview of Continuing
6
7 The amendments can be found in H.Rept. 117-420 at https://www.govinfo.gov/content/pkg/CRPT-117hrpt420/pdf/ 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. CRPT-117hrpt420.pdf. The FSGG amendments are numbers 97-138 on pages 15-19.
78 Of the amendments made in order, numbers 98, 99, 101, 102, 108, 114, 119, 121, 124, 126, 127, 129, 130, 132, and 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 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 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 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 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 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. and into several other agencies.
89 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 Network, 117th Cong., 2nd sess., June 14, 2022, at and the Treasury Financial Crimes Enforcement Network, 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.
910 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.
1011 U.S. Congress, Senate Committee on Appropriations, “Chairman Leahy Releases Fiscal Year 2023 Senate 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-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. chairman-leahy-releases-fiscal-year-2023-senate-appropriations-bills.
1112 As the bill has not proceeded through the markup process and therefore has no associated report or detail table, the 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. analysis in this report continues to refer to the draft explanatory statement.
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
Appropriations for FY2023 (Division A of P.L. 117-180)..
1213 Two additional CRs were enacted, P.L. Two additional CRs were enacted, P.L.
117-229 and P.L. 117-264, providing continuing appropriations largely based on FY2022 levels 117-229 and P.L. 117-264, providing continuing appropriations largely based on FY2022 levels
through December 23, 2022, and December 30, 2022, respectively. 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 Full-year FY2023 appropriations were ultimately provided in Division E of the Consolidated
Appropriations Act, 2023 (H.R. 2617/P.L. 117-328).Appropriations Act, 2023 (H.R. 2617/P.L. 117-328).
1314 Initially an unrelated bill on federal Initially an unrelated bill on federal
employee performance, H.R. 2617 was amended by the House with an appropriations measure on 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 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 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 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 appropriations for FSGG agencies totaling approximately $49.65 billion, $3.5 billion less than the
President’s initial request. President’s initial request.
Table 1 below reflects the status of FY2023 FSGG appropriations measures at key points in the below reflects the status of FY2023 FSGG appropriations measures at key points in the
appropriations procesappropriations proces
s. Table 2 lists, largely by title, the amounts requested by the President and lists, largely by title, the amounts requested by the President and
included in the various FSGG and emergency supplemental bills. included in the various FSGG and emergency supplemental bills.
Tables 3-7, respectively, detail , respectively, detail
the amounts for the Treasury, the Executive Office of the President, the judiciary, the District of the amounts for the Treasury, the Executive Office of the President, the judiciary, the District of
Columbia, and the independent agencies. Specific columns in Columbia, and the independent agencies. Specific columns in
Tables 3-7 are FSGG agencies’ are FSGG agencies’
enacted amounts for FY2022, the President’s FY2023 request, the FY2023 amounts from the 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. House-passed H.R. 8294, and the amounts from the Senate subcommittee chairman’s bill (S.
4685). 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 16,
June 28,
June 28,
July 20,
July 20,
Dec. 23,
Dec. 23,
Dec. 22,
Dec. 22,
Dec. 29,
Dec. 29,
2022
2022
—
—
2022
2022
2022
2022
—
—
—
—
—
—
2022
2022
2022
2022
2022
2022
Source: Prepared by CRS. Prepared by CRS.
Table 2. FSGG Appropriations, FY2022-FY2023
(millions of dollars)
(millions of dollars)
FY2023
FY2023
Senate
FY2022
FY2023
House-
Subcommittee
FY2023
Agency
Enacted
Request
Passed
Chair
Enacted
Department of the Treasury
Department of the Treasury
93,698.514,237.0
16,156.5
16,156.5
15,559.0
15,559.0
15,435.3
15,435.3
14,049.8
14,049.8
12
Executive Office of the President
807.3
854.0
870.5
854.0
879.6
13 For a general overview of CRs, see CRS Report R46595, For a general overview of CRs, see CRS Report R46595,
Continuing Resolutions: Overview of Components and
Practices, coordinated by Kevin P. McNellis. , coordinated by Kevin P. McNellis.
1314 A joint Explanatory Statement, including the recommendations of the appropriations committees and summary A joint Explanatory Statement, including the recommendations of the appropriations committees and summary
tables, was included in the tables, was included in the
Congressional Record for December 20, 2022, see https://www.congress.gov/117/crec/ for December 20, 2022, see https://www.congress.gov/117/crec/
2022/12/20/168/198/CREC-2022-12-20-pt1-PgS7819-2.pdf. 2022/12/20/168/198/CREC-2022-12-20-pt1-PgS7819-2.pdf.
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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
Judiciary
8,454.4
8,454.4
9,062.4
9,062.4
8,994.9
8,994.9
8,896.2
8,896.2
8,994.5
8,994.5
District of Columbia
District of Columbia
775.5
775.5
773.9
773.9
793.9
793.9
791.3
791.3
791.9
791.9
Independent Agencies
Independent Agencies
7,
7,
802649.5 .5
4,920.8
4,920.8
4,472.7
4,472.7
3,893.5
3,893.5
3,518.04,412.8
Mandatory Retirement Accounts
Mandatory Retirement Accounts
21,996.6
21,996.6
21,418.6
21,418.6
21,418.6
21,418.6
21,418.6
21,418.6
21,418.6
21,418.6
Total
133,534.853,920.3
53,186.1
52,109.5
51,288.8
49,651.450,547.2
Sources: P.L. 117-328 and Explanatory Statement; S. 4685 and Senate Committee Chair draft report; H.R. 8294 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 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- and P.L. 117-
169167. .
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 col ections. reflecting rescissions and offsetting col ections.
FY2022 enacted totals were increased byFol owing the Appropriations Committees reports, totals do not include direct appropriations for FY2022 of approximately $79.6 approximately $79.6
bil ion of bil ion of
direct appropriations, primarily for the appropriations, primarily for the
IRS, and $3.4 bil ion of GSA direct appropriations, made in P.L. 117-169. Nor do FY2023 totals include the $1.4 bil ion of these IRS appropriations rescinded in FY2023 by P.L. 118-5IRS, 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 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 . 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 bil . Branch appropriations bil .
Table 3. Department of the Treasury Appropriations, FY2022-FY2023
(millions of dollars)
(millions of dollars)
FY2023 Senate
FY2022
FY2023
FY2023
Subcommittee
FY2023
Enacted
Request
House-Passed
Chair
Enacted
Departmental
Departmental
414.6260.1
293.2
293.2
273.9
273.9
255.0
255.0
273.9
273.9
Offices (Salaries
Offices (Salaries
and Expenses) and Expenses)
Committee on
Committee on
(20)
(20)
-1.0
-1.0
-1.0
-1.0
-1.0
-1.0
(21)
(21)
Foreign
Foreign
Investment in Investment in
the United the United
States Fund States Fund
Terrorism and
Terrorism and
220.2
220.2
212.1
212.1
220.1
220.1
212.1
212.1
216.1
216.1
Financial
Financial
Intelligence Intelligence
Cybersecurity
Cybersecurity
80.0
80.0
215.0
215.0
135.0
135.0
88.0
88.0
100.0
100.0
Enhancement
Enhancement
Congressional Research Service
Congressional Research Service
4
4
Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
FY2023 Senate
FY2022
FY2023
FY2023
Subcommittee
FY2023
Enacted
Request
House-Passed
Chair
Enacted
Department-
Department-
6.1
6.1
11.1
11.1
11.1
11.1
8.0
8.0
11.1
11.1
wide Systems
wide Systems
and Capital and Capital
Investments Investments
Office of
Office of
42.3
42.3
43.9
43.9
48.9
48.9
43.9
43.9
48.9
48.9
Inspector
Inspector
General General
Treasury
Treasury
577174.3 .3
182.4
182.4
179.4
179.4
179.4
179.4
174.3
174.3
Inspector
Inspector
General for Tax General for Tax
Administration Administration
Special
Special
16.0
16.0
9.0
9.0
9.0
9.0
9.0
9.0
9.0
9.0
Inspector
Inspector
General for General for
Troubled Asset Troubled Asset
Relief Program Relief Program
Special
Special
8.0
8.0
25.0
25.0
16.0
16.0
12.0
12.0
12.0
12.0
Inspector
Inspector
General for General for
Pandemic Pandemic
Recovery Recovery
Financial Crimes
Financial Crimes
180.0
180.0
210.3
210.3
210.3
210.3
189.0
189.0
190.2
190.2
Enforcement
Enforcement
Network Network
Bureau of the
Bureau of the
355.9
355.9
372.5
372.5
372.5
372.5
372.5
372.5
372.5
372.5
Fiscal Service
Fiscal Service
Alcohol and
Alcohol and
128.1
128.1
150.9
150.9
150.9
150.9
148.9
148.9
148.9
148.9
Tobacco Tax
Tobacco Tax
and Trade and Trade
Bureau Bureau
Community
Community
295.0
295.0
331.4
331.4
338.4
338.4
324.0
324.0
324.0
324.0
Development
Development
Financial Financial
Institutions
Institutions
Fund Fund
Internal
Internal
91,50512,594.1 .1
14,100.7
14,100.7
13,594.6
13,594.6
13,594.6
13,594.6
12,319.1
12,319.1
Revenue Service
Revenue Service
(total) (total)
Treasury
Treasury
-175.0
-175.0
—
—
—
—
—
—
-150.0
-150.0
Forfeiture Fund
Forfeiture Fund
(Rescission) (Rescission)
Ukraine
Ukraine
52.0
52.0
—
—
—
—
—
—
—
—
Emergency
Emergency
Total
93,705.514,237.0
16,156.5
15,559.0
15,435.3
14,049.8
Source: Sources: P.L. 117-328 and Explanatory Statement; S. 4685 and Senate Committee Chair draft report; H.R. 8294 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 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. and P.L.
117-117-
169167. .
Congressional Research Service
Congressional Research Service
5
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 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. 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 Fol owing the Appropriations Committees reports, totals do not include direct appropriations for FY2022 of approximately $79.6 bil ion of direct appropriations, primarily for the IRS, made in P.L. 117-169. appropriations, primarily for the IRS, made in P.L. 117-169.
Most of these appropriations are available until the end of FY2031Nor do FY2023 totals include the $1.4 bil ion of these IRS appropriations rescinded in FY2023 by P.L. 118-5. .
For more information on Treasury appropriations, For more information on Treasury appropriations,
congressional offices may contact CRS Analyst in Public Finance Gary Guenther. contact CRS Analyst in Public Finance Gary Guenther.
Table 4. Executive Office of the President Appropriations, FY2022-FY2023
(in millions of dollars)
(in millions of dollars)
FY2023 Senate
FY2022
FY2023
FY2023
Subcommittee
FY2023
Enacted
Request
House-Passed
Chair
Enacted
The White
The White
205.1
205.1
230.5
230.5
230.5
230.5
219.8
219.8
234235.5 .5
House (total)
House (total)
Office of
Office of
116.0
116.0
128.0
128.0
128.0
128.0
127.6
127.6
128.0
128.0
Management
Management
and Budget and Budget
Intellectual
Intellectual
1.8
1.8
1.9
1.9
1.9
1.9
1.9
1.9
1.9
1.9
Property
Property
Enforcement Enforcement
Coordinator Coordinator
Office of the
Office of the
21.0
21.0
21.9
21.9
21.9
21.9
21.0
21.0
21.9
21.9
National Cyber
National Cyber
Director Director
Office of
Office of
449.2
449.2
450.5
450.5
467.0
467.0
466.4
466.4
471.1
471.1
National Drug
National Drug
Control Policy Control Policy
Unanticipated
Unanticipated
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
Needs
Needs
Information
Information
8.0
8.0
13.7
13.7
13.7
13.7
10.0
10.0
13.7
13.7
Technology
Technology
Oversight and Oversight and
Reform Reform
Special
Special
4.8
4.8
6.1
6.1
6.1
6.1
6.1
6.1
6.1
6.1
Assistance to
Assistance to
the President the President
(Salaries and (Salaries and
Expenses) Expenses)
Official
Official
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
0.3
Residence of
Residence of
the Vice the Vice
President President
(Operating (Operating
Expenses) Expenses)
Total: EOP
807.3
854.0
870.5
854.0
878879.6
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 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 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
6
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 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. Most of the table’s funding is contained in Title II except the reflecting rescissions and offsetting col ections. 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, For more information on the appropriations for the Executive Office of the President,
congressional offices may contact CRS Analyst in contact CRS Analyst in
American National Government Barbara Schwemle. American National Government Barbara Schwemle.
Table 5. The Judiciary Appropriations, FY2022-FY2023
(millions of dollars)
(millions of dollars)
FY2023 Senate
FY2022
FY2023
FY2023
Subcommittee
FY2023
Enacted
Request
House-Passed
Chair
Enacted
U.S. Supreme
U.S. Supreme
115.5
115.5
143.6
143.6
146.1
146.1
127.3
127.3
141.7
141.7
Court (total)
Court (total)
U.S. Court of
U.S. Court of
37.5
37.5
39.8
39.8
40.1
40.1
39.4
39.4
40.1
40.1
Appeals for the
Appeals for the
Federal Circuit Federal Circuit
U.S. Court of
U.S. Court of
22.8
22.8
23.7
23.7
23.6
23.6
23.6
23.6
23.6
23.6
International
International
Trade Trade
U.S. Courts of
U.S. Courts of
8,120.5
8,120.5
8,688.8
8,688.8
8,495.6
8,495.6
8,548.7
8,548.7
8,630.6
8,630.6
Appeals,
Appeals,
District Courts, District Courts,
and Other and Other
Judicial Services Judicial Services
(total) (total)
Administrative
Administrative
98.5
98.5
111.3
111.3
105.7
105.7
104.4
104.4
102.7
102.7
Office of the
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
31.4
34.3
34.3
Center
Center
United States
United States
20.6
20.6
21.9
21.9
21.6
21.6
21.6
21.6
21.6
21.6
Sentencing
Sentencing
Commission Commission
Judicial Security
Judicial Security
9.1
9.1
—
—
128.0
128.0
—
—
—
—
Total: The
8,454.4
9,062.4
8,994.9
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 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-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-
167167
; 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 col ections. The “Judicial Security” funding from FY2022 was supplemental reflecting rescissions and offsetting col 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, funding contained in P.L. 117-167; for FY2023, it was contained in the administrative provisions in Title III,
Section 307. Section 307.
For more information on judiciary appropriations, For more information on judiciary appropriations,
congressional offices may contact CRS Analyst in American National Government Barry contact CRS Analyst in American National Government Barry
J. McMil ion. J. McMil ion.
Congressional Research Service
Congressional Research Service
7
7
Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
Table 6. District of Columbia Special Federal Payments Appropriations,
FY2022-FY2023
(millions of dollars)
(millions of dollars)
FY2023 Senate
FY2022
FY2023
FY2023
Subcommittee
FY2023
Enacted
Request
House-Passed
Chair
Enacted
Resident Tuition
Resident Tuition
40.0
40.0
20.0
20.0
40.0
40.0
40.0
40.0
40.0
40.0
Support
Support
Emergency
Emergency
25.0
25.0
30.0
30.0
30.0
30.0
30.0
30.0
30.0
30.0
Planning and
Planning and
Security Security
District of
District of
257.6
257.6
295.6
295.6
295.6
295.6
294.0
294.0
291.1
291.1
Columbia
Columbia
Courts Courts
Defender
Defender
46.0
46.0
24.0
24.0
24.0
24.0
24.0
24.0
24.0
24.0
Services
Services
Court Services
Court Services
286.4
286.4
281.5
281.5
281.5
281.5
281.5
281.5
285.0
285.0
and Offender
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
53.6
53.6
Service
Service
Criminal Justice
Criminal Justice
2.2
2.2
2.5
2.5
2.5
2.5
2.5
2.5
2.5
2.5
Coordinating
Coordinating
Council Council
Judicial
Judicial
0.6
0.6
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
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
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
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
8.0
8.0
Sewer
Sewer
Special
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 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. 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. 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 col ections. The federal payment for the DC Water and Sewer Authority reflecting rescissions and offsetting col ections. 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, For more information on DC appropriations,
congressional offices may contact CRS Analyst in Economic Development Policy Joseph V. contact CRS Analyst in Economic Development Policy Joseph V.
Jaroscak. Jaroscak.
Congressional Research Service
Congressional Research Service
8
8
link to page 14 link to page 14 link to page 14 link to page 14
link to page 14 link to page 14 link to page 14 link to page 14
link to page 14 Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
Table 7. FSGG Independent Agencies Appropriations, FY2022-FY2023
(millions of dollars)
(millions of dollars)
FY2023 Senate
FY2022
FY2023
FY2023
Subcommittee
FY2023
Agency
Enacted
Request
House-Passed
Chair
Enacted
Administrative
Administrative
3.4
3.4
3.5
3.5
3.5
3.5
3.5
3.5
3.5
3.5
Conference of the
Conference of the
United States United States
Goldwater Foundation
Goldwater Foundation
—
—
—
—
—
—
2.0
2.0
2.0
2.0
Commission on
Commission on
—
—
—
—
1.5
1.5
—
—
—
—
Federal Naming and
Federal Naming and
Displays Displays
Commodity Futures
Commodity Futures
382.0
382.0
249.0
249.0
365.0
365.0
336.0
336.0
365.0
365.0
Trading Commissio
Trading Commissio
na
Consumer Product
Consumer Product
139.1
139.1
195.5
195.5
166.3
166.3
153.0
153.0
152.5
152.5
Safety Commission
Safety Commission
Election Assistance
Election Assistance
95.0
95.0
280.1
280.1
434.1
434.1
422.0
422.0
103.0
103.0
Commission
Commission
Federal
Federal
14,200.0
14,200.0
(390.2)
(390.2)
(390.2)
(390.2)
(390.2)
(390.2)
(390.2)
(390.2)
Communications
Communications
CommissioCommissio
nb
Federal Deposit
Federal Deposit
(46.5)
(46.5)
(47.5)
(47.5)
(47.5)
(47.5)
(47.5)
(47.5)
(47.5)
(47.5)
Insurance
Insurance
Corporation: Office of Corporation: Office of
Inspector GenerInspector Gener
alc
Federal Election
Federal Election
74.5
74.5
81.7
81.7
81.7
81.7
78.2
78.2
81.7
81.7
Commission
Commission
Federal Labor
Federal Labor
27.4
27.4
31.8
31.8
31.8
31.8
28.8
28.8
29.4
29.4
Relations Authority
Relations Authority
Federal Permitting
Federal Permitting
10.7
10.7
10.3
10.3
10.0
10.0
10.0
10.0
—
—
Improvement Steering
Improvement Steering
Council Council
Federal Trade
Federal Trade
218.5
218.5
280.0
280.0
280.0
280.0
220.0
220.0
220.0
220.0
Commission
Commission
General Services
General Services
2,391.4
2,391.4
1,266.7
1,266.7
532.5
532.5
108.4
108.4
-
-
114.077.2
Administratio
Administratio
nd
Harry S Truman
Harry S Truman
2.5
2.5
—
—
3.0
3.0
3.0
3.0
3.0
3.0
Scholarship
Scholarship
Foundation Foundation
Inspectors General
Inspectors General
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.9
Council Fund
Council Fund
(Oversight.gov) (Oversight.gov)
Merit Systems
Merit Systems
48.2
48.2
53.5
53.5
53.5
53.5
50.5
50.5
52.0
52.0
Protection Board
Protection Board
Udall Foundation
Udall Foundation
5.1
5.1
5.7
5.7
5.7
5.7
5.3
5.3
5.7
5.7
National Archives and
National Archives and
476.5
476.5
449.5
449.5
451.8
451.8
478.5
478.5
490.3
490.3
Records
Records
AdministrationeAdministration
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
FY2023 Senate
FY2022
FY2023
FY2023
Subcommittee
FY2023
Agency
Enacted
Request
House-Passed
Chair
Enacted
National Credit Union
National Credit Union
1.5
1.5
4.0
4.0
4.0
4.0
3.0
3.0
3.5
3.5
Administration
Administration
Office of Government
Office of Government
19.2
19.2
22.4
22.4
25.4
25.4
20.1
20.1
24.5
24.5
Ethics
Ethics
Office of Personnel
Office of Personnel
370.9
370.9
454.3
454.3
446.3
446.3
389.5
389.5
420.1
420.1
Management
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
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
9.8
9.8
10.7
10.7
10.7
10.7
10.6
10.6
10.6
10.6
Liberties Oversight
Liberties Oversight
Board Board
Public Building Reform
Public Building Reform
3.6
3.6
4.0
4.0
4.0
4.0
3.8
3.8
4.0
4.0
Board
Board
Public Company
Public Company
(2.0)
(2.0)
(2.0)
(2.0)
(2.0)
(2.0)
(2.0)
(2.0)
(2.0)
(2.0)
Accounting Oversight
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)
(2,209.8)
(2,209.8)
Exchange
Exchange
CommissioCommissio
nb
Selective Service
Selective Service
29.2
29.2
29.7
29.7
29.3
29.3
31.7
31.7
31.7
31.7
System
System
Small Business
Small Business
2,219.8
2,219.8
1,056.8
1,056.8
1,115.3
1,115.3
1,124.4
1,124.4
1,2182,076.2 .2
Administration (SBA)
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
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
271.0
271.0
Inspector General
Inspector General
U.S. Tax Court
U.S. Tax Court
21057.8 .8
57.3
57.3
57.3
57.3
57.3
57.3
57.3
57.3
Total: Independent
7,802649.5
4,920.8
4,472.7
3,893.5
3,518.04,412.8
Agencies (Net
Discretionary)
Sources: P.L. 117-328 and Explanatory Statement; S. 4685 and Senate Committee Chair draft report; H.R. 8294 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 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 col ections and thus are treated as zeros in the totals. parentheses are gross amounts, which are then offset with col ections 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 bil . included in the Legislative Branch appropriations bil .
The Fol owing the Appropriations Committee reports, the FY2022 enacted total for the U.S. Tax Court 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.
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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. does not include $153 mil ion of direct multiyear appropriations, and GSA total does not include $3.4 bil ion in direct multiyear appropriations made in P.L. 117-169.
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
a. The Commodity Futures Trading Commission is funded in the House through the Agriculture a. The Commodity Futures Trading Commission is funded in the House through the Agriculture
appropriations bil and in the Senate through the FSGG bil .
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 col ecting regulatory fees (or “offsetting col ections”), often resulting in no direct appropriations.
funded by col ecting regulatory fees (or “offsetting col ections”), 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 col ections in P.L. 117-58. appropriations above the offsetting col ections 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 bil , but the funding is transferred from nonappropriated FDIC funds and thus is
is determined in the FSGG bil , 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 multibil ion-dol ar revolving fund into which federal agencies deposit rental payments
Buildings Fund (FBF), a multibil ion-dol ar 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
principal on the construction of the Archives II facility. The amounts included in the President’s budget request and the specific appropriations bil s 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.
1415 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).
1516 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).
1617 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.
17
1418
Federal securities regulation is divided between the Securities and Exchange Commission (SEC) and the CFTC, both of which are funded through appropriations.19 The CFTC funding is a
15 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.
1516 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.
1617 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.
1718 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.
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
Federal securities regulation is divided between the19 For more information, see CRS In Focus IF11714, Introduction to Financial Services: The Securities and Exchange Securities and Exchange
Commission (SEC), by Eva Su; 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,
1920 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 FY2023, however, neither the President’s specifically have often been included in FSGG bills. In FY2023, 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.
2021 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.
2122 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
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.
19Subcommittees 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.
20 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.
2021 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.
2122 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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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
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.
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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
Bureau22Bureau23
Section 128 provides additional funding for “Department of Treasury—Alcohol and Tobacco Tax
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 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. are to administer the Craft Beverage Modernization Act import claims program.
Section 129—Office of National Cyber Director23Director24
Section 129 creates a new heading under the “Executive Office of the President and Funds
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 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. Director, which was created by the Fiscal Year 2021 National Defense Authorization Act (P.L.
116-283). 116-283).
Section 130—Judiciary Fees of Jurors and Commissioners24Commissioners25
Section 130 provides funding at a rate for operations of $59,565,000 for “The Judiciary—Courts
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,” 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. enabling statutorily mandated payments to jurors during the duration of the CR.
Section 131—Judiciary Court Security25Security26
Section 131 provides an additional $112.5 million in emergency funds for “The Judiciary—
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 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 security improvements at United States courthouses and federal court facilities. Quarterly
reporting from the courts on the use of this funding is also required. reporting from the courts on the use of this funding is also required.
Section 132—District of Columbia Local Funds26Funds27
Section 132 grants congressional approval to the District of Columbia’s general fund and capital
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 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 District’s annual budget under the District of Columbia Self-Government and Government
Reorganization Act (P.L. 93-198).Reorganization Act (P.L. 93-198).
2728 This provision grants the District the authority to expend 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 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 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. at the rate set forth in the District’s Fiscal Year 2023 Local Budget Act of 2022.
22
23 This section was authored by Gary Guenther, Analyst in Public Finance. This section was authored by Gary Guenther, Analyst in Public Finance.
2324 This section was authored by Barbara L. Schwemle, Analyst in American National Government. This section was authored by Barbara L. Schwemle, Analyst in American National Government.
2425 This section was authored by Barry McMillion, Analyst on the Federal Judiciary. This section was authored by Barry McMillion, Analyst on the Federal Judiciary.
2526 This section was authored by Barry McMillion, Analyst on the Federal Judiciary. This section was authored by Barry McMillion, Analyst on the Federal Judiciary.
2627 This section was authored by Joseph V. Jaroscak, Analyst in Economic Development Policy. This section was authored by Joseph V. Jaroscak, Analyst in Economic Development Policy.
2728 For information on the District of Columbia budget process, see CRS Report R47156, For information on the District of Columbia budget process, see CRS Report R47156,
FY2022 District of Columbia
Budget and Appropriations, by Joseph V. Jaroscak. , by Joseph V. Jaroscak.
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Section 133—Veteran-Owned Small Business Certification28Certification29
Section 133 provides additional funds at a rate for operations of $20,000,000 for “Small Business
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 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 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 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. U.S.C. §657f) and Section 862 of P.L. 116-283.
Section 134—Small Business Administration (SBA) Loan Programs29Programs30
Section 134 authorizes the SBA to apportion funding provided by this act at the rate necessary to
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 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,loans authorized under paragraphs (1) through (35) of Section 7(a) of the Small Business Act,
3031 guarantees of trust certificates authorized by Section 5(g) of the Small Business Act,guarantees of trust certificates authorized by Section 5(g) of the Small Business Act,
3132 commitments to guarantee loans under Section 503 of the Small Business Investment Act of commitments to guarantee loans under Section 503 of the Small Business Investment Act of
1958,1958,
3233 and commitments to guarantee loans for debentures under Section 303(b) of the Small and commitments to guarantee loans for debentures under Section 303(b) of the Small
Business Investment Act of 1958.Business Investment Act of 1958.
3334
Author Information
Baird Webel Baird Webel
Acting Section Research Manager
Acting Section Research Manager
28
29 This section was authored by R. Corinne Blackford, Analyst in Small Business and Economic Development Policy. This section was authored by R. Corinne Blackford, Analyst in Small Business and Economic Development Policy.
2930 This section was authored by Anthony Cilluffo, Analyst in Public Finance. This section was authored by Anthony Cilluffo, Analyst in Public Finance.
3031 15 U.S.C. §636(a). For more information, see CRS Report R41146, 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. , by Robert Jay Dilger and Anthony A. Cilluffo.
3132 15 U.S.C. §634(g). These trust certificates are related to the secondary market for loans guaranteed by the SBA. 15 U.S.C. §634(g). These trust certificates are related to the secondary market for loans guaranteed by the SBA.
3233 15 U.S.C. §697. For more information, see CRS Report R41184, 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. , by Robert Jay Dilger and Anthony A. Cilluffo.
3334 15 U.S.C. §683(b). For more information, see CRS Report R41456, 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. , by Robert Jay Dilger and Anthony A. Cilluffo.
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Disclaimer
This document was prepared by the Congressional Research Service (CRS). CRS serves as nonpartisan
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R47170
R47170
· VERSION 46 · UPDATED
1615