Financial Services and General Government
November 30, 2020
(FSGG) FY2021 Appropriations: Overview
Baird Webel
The Financial Services and General Government (FSGG) appropriations bill includes funding for
Acting Section Research
the Department of the Treasury, the Executive Office of the President, the judiciary, the District
Manager
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
(CFTC) is usually funded through the Agriculture appropriations bill in the House and the FSGG

bill in the Senate.
President’s budget. President Trump submitted his FY2021 budget request on February 10, 2020. The request included a
total of $51.1 billion for agencies funded through the FSGG appropriations bill, including $304 million for the CFTC.
House action. The House Committee on Appropriations reported a Financial Services and General Government
Appropriations Act, 2021 (H.R. 7668; H.Rept. 116-456) on July 17, 2020. Approximate total FY2021 funding in the reported
bill is $114.7 billion. Of this, $67 billion is emergency spending to address the Coronavirus Disease 2019 (COVID-19)
pandemic, primarily funding for internet broadband infrastructure. Another $304 million for the CFTC is included in the
Agriculture appropriations bill (H.R. 7610; H.Rept. 116-446). The combined total of $115.0 billion is $63.9 billion larger
than the President’s FY2020 request due to the emergency funding. Comparing nonemergency funding, the approximate
combined total for FSGG funding in the House bills , $48 billion, is $3.1 billion less than the President’s request.
The text of H.R. 7668 was included as Division D of H.R. 7617 when that bill was considered on the House floor. H.R. 7617
was amended numerous times, primarily shifting funding among FSGG agencies but also increasing the total slightly through
an addition to the emergency spending. H.R. 7617 passed the House on July 31, 2020. Funding for the CFTC was included in
Division B of H.R. 7608, which passed the House on July 24, 2020.
Senate action. The Senate Appropriations Committee has held one subcommittee hearing on the FY2021 budget request for
an FSGG agency, the Federal Communications Commission, but has not acted on an FSGG appropriations bill at either the
subcommittee or the full committee level. On November, 10, 2020, the chairman of the committee released draft text and an
explanatory statement for an FSGG appropriations bill.
Continuing resolution. No full-year FY2021 appropriations measure was enacted prior to the end of September 2020.
Congress passed, and the President signed, H.R. 8337/P.L. 116-159, a continuing resolution providing for appropriations
through December 11, 2020, based largely on FY2020 levels.
Although financial services are a major focus of the FSGG appropriations bills, these bills do not include funding for many
financial regulatory agencies, which are funded outside of the appropriations process. The FSGG bills do, however, often
contain additional legislative provisions relating to such agencies. The President’s budget request for FY2021 proposed that
Consumer Financial Protection Bureau funding be provided by congressional appropriations rather than by transfer from the
Federal Reserve, but this change was explicitly rejected in the House committee report.
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Contents
Administration and Congressional Action ........................................................................... 1
FSGG and Emergency Spending ....................................................................................... 5
Financial Regulatory Agencies and FSGG Appropriations ..................................................... 6
Committee Structure and Scope......................................................................................... 7

Tables
Table 1. Status of FY2021 Financial Services and
General Government (FSGG) Appropriations ................................................................... 3
Table 2. FSGG Appropriations, FY2020-FY2021 ................................................................. 3
Table 3. FSGG Independent Agencies Appropriations, FY2020-FY2021.................................. 4

Appendixes
Appendix. Financial Services and General Government (FSGG) Anomalies in the
Continuing Resolution (P.L. 116-159).............................................................................. 8

Contacts
Author Information ....................................................................................................... 10

Congressional Research Service


Financial Services and General Government (FSGG) FY2021 Appropriations: Overview

he Financial Services and General Government (FSGG) appropriations bil includes
funding for the Department of the Treasury (Title I),1 the Executive Office of the President
T (Title II), the judiciary (Title III),2 the District of Columbia (Title IV), and more than two
dozen independent agencies (Title V). The bil typical y funds mandatory retirement accounts in
Title VI, which also contains additional general provisions applying to the funding provided to
agencies through the FSGG bil . Title VII typical y contains general provisions that apply
government-wide.
The House and Senate FSGG bil s fund the same agencies, with one exception. The Commodity
Futures Trading Commission (CFTC) is funded through the Agriculture appropriations bil in the
House and the FSGG bil in the Senate. Where the CFTC is funded upon enactment depends on
which chamber originated the law, which typical y alternates annual y. Thus, the enacted amounts
for the CFTC are typical y in the Agriculture appropriations bil one year and the FSGG
appropriations bil the following year.
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
appropriations bil , the bil does not include funding for many financial regulatory agencies,
which are instead funded outside of the appropriations process. It is not uncommon for legislative
provisions addressing various financial regulatory issues to be included in titles at the end of the
bil .
Administration and Congressional Action
President Trump submitted his FY2021 budget request on February 10, 2020. The requested
amount for agencies funded through the FSGG appropriations bill totaled approximately $51.1
bil ion, including $304 mil ion for the CFTC.3
The House Committee on Appropriations reported a Financial Services and General Government
Appropriations Act, 2021 (H.R. 7668) on July 17, 2020.4 Approximate total FY2021 funding in
the reported bil is $114.7 bil ion. Of this, $67 bil ion is emergency spending to address the
Coronavirus Disease 2019 (COVID-19) pandemic, primarily funding for broadband
infrastructure. Another $304 mil ion for the CFTC is included in the Agriculture appropriations
bil (H.R. 7610).5 The combined total of $115 bil ion is $63.9 bil ion more than the President’s
FY2021 request due to the emergency funding. Comparing nonemergency funding, the
approximate combined total for FSGG funding in the House bil s, $48 bil ion, is $3.1 bil ion less
than the President’s request.

1 For more information, see CRS In Focus IF11607, IRS Appropriations, FY2021, by Gary Guenther.
2 For more information, see CRS In Focus IF11534, Judiciary Budget Request, FY2021, by Barry J. McMillion.
3 T he President’s budget does not total the requested amounts according to the congressional appropriations structure.
T his total amount is as reported in H.Rept. 116-456.
4 U.S. Congress, House Committee on Appropriations, Financial Services and General Government Appropriations
Bill, 2021
, report to accompany H.R. 7668, 114th Cong., 2nd sess., July 17, 2020, H.Rept. 116-456 (Washington: GPO,
2020).
5 U.S. Congress, House Committee on Appropriations, Agriculture, Rural Development, Food and Drug
Adm inistration, and Related Agencies Appropriations Act, 2021
, report to accompany H.R. 7610, 116th Cong., 2nd sess.,
July 13, 2020, H.Rept. 116-446 (Washington: GPO, 2020).
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H.R. 7668 was included as Division D of H.R. 7617 when that bil was considered on the House
floor. H.R. 7617 was amended numerous times, shifting funding among FSGG agencies but not
changing the FSGG totals.6 H.R. 7617 passed the House July 31, 2020.
The Senate Appropriations Committee has held one subcommittee hearing on the FY2021 budget
request for an FSGG agency, the Federal Communications Commission (FCC), but has not acted
on an FSGG appropriations bil at either the subcommittee or the full committee level. On
November 10, Chairman Richard Shelby released a draft bil and a draft explanatory statement in
a press release indicating, “By and large, these bil s are the product of bipartisan cooperation
among members of the committee.”7 Committee Vice Chair Patrick Leahy released a statement
indicating “disappointment” at the absences of opportunities to amend the bil s and indicating
areas wherein he would seek “improvements” in the drafts with further negotiations.8
With the end of FY2020 approaching and no full-year appropriations measure enacted to fund the
FSGG agencies (or the rest of the government), the House passed H.R. 8337, the Continuing
Appropriations Act, 2021 and Other Extensions Act, on September 22, 2020, and the Senate
followed on September 30, 2020. The President signed the bil , now P.L. 116-159, on October 1,
2020. This continuing resolution provided funding through December 11, 2020, based on the
FY2020 levels with a certain number of changes (known general y as anomalies).9 The anomalies
for the FSGG agencies are contained in Division A, Sections 129-139, and primarily address
funding for the District of Columbia, the Smal Business Administration (SBA), and various
agencies involved in the presidential election and transition. These anomalies are detailed in the
Appendix.10
Table 1 below reflects the status of FY2021 FSGG appropriations measures at key points in the
appropriations process in the 116th Congress. Table 2 lists the broad amounts requested by the
President and included in the various FSGG bil s, largely by title, and Table 3 details the amounts
for the independent agencies. Specific columns in Table 2 and Table 3 are FSGG agencies’
enacted amounts for FY2020, the President’s FY2021 request, and the FY2021 amounts from
H.R. 7617 as it passed the House.

6 House-passed amendments to the FSGG portion (Division D) of H.R. 7617 were H.Amdt. 867 and H.Amdt. 868.
Both of these were en bloc amendments and included amendments numbered 194, 195, 19 6, 197, 198, 199, 200, 202,
203, 204, 205, 206, 208, 209, 210, 211, 212, 213, 215, and 216 in the report (H.Rept. 116-461) accompanying the rule
(H.Res. 1067) providing for the consideration of H.R. 7617.
7 See U.S. Congress, Senate Committee on Appropriations, “Committee Releases FY21 Bills in Effort to Advance
Process, Produce Bipartisan Results,” https://www.appropriations.senate.gov/news/committee-releases-fy21-bills-in-
effort -to-advance-process-produce-bipartisan-results/.
8 See U.S. Congress, Senate Committee on Appropriations, “ Senate Approps Vice Chair Leahy Statement on the
Release of the FY 2021 Senate Appropriations Bills,” https://www.appropriations.senate.gov/news/minority/senate-
approps-vice-chair-leahy-statement-on-the-release-of-the-fy-2021-senate-appropriations-bills-/.
9 For a general overview of continuing resolutions, see CRS Report R46595, Continuing Resolutions: Overview of
Com ponents and Practices
, coordinated by Kevin P. McNellis.
10 For more complete information regarding P.L. 116-159, see CRS Report R46582, Overview of Continuing
Appropriations for FY2021 (P.L. 116 -159)
, by James V. Saturno and Kevin P. McNellis.
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Financial Services and General Government (FSGG) FY2021 Appropriations: Overview

Table 1. Status of FY2021 Financial Services and
General Government (FSGG) Appropriations
Subcommittee
Markup
Final Adoption
House
House
Senate
Senate
Conference
Enact-
House
Senate
Report Passage
Report Passage
Report
House
Senate
ment
July 8,
July 17,
July 31,
2020

2020
2020






Source: Prepared by the Congressional Research Service (CRS).
Table 2. FSGG Appropriations, FY2020-FY2021
(in mil ions of dol ars)
FY2021
Senate
FY2021
Committee
FY2020
FY2021
House-
Majority
FY2021
Agency
Enacted
Request
Passed
Draft
Enacted
Department of the Treasury
13,323
16,120
13,660
13,079

Executive Office of the President
727
354
742
746

Judiciary
7,912
8,293
8,250
8,149

District of Columbia
719
753
762
714

Independent Agencies
65,985
3,221
69,437
2,038

Mandatory Retirement Accounts
21,911
22,389
22,389
22,389

Total
110,578
51,130
114,989
47,113

Sources: H.Rept. 116-456, H.R. 7617, and Senate Appropriations Committee Majority Draft Explanatory
Statement.
Notes: Totals may not sum due to rounding. Figures are net reflecting rescissions and offsetting col ections.
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, Section 633 , and are included in
the total for the Department of the Treasury.
The mandatory spending for the President’s salary is contained in Title VI, Section 619, whereas the rest of
presidential spending is in Title II.
The “Mandatory Retirement Accounts” amount stems from Title VI, Section 619.
The “Independent Agencies” total is primarily in Title V but also reflects funding or rescissions for the Public
Company Accounting Oversight Board scholarships, the Oversight.gov website (Inspectors General Council
Fund), and the Smal Business Administration in Title VI, the Office of Personnel Management and the
Commission on Federal Naming and Displays in Title VII, and the emergency infrastructure spending in Title IX.
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Table 3. FSGG Independent Agencies Appropriations, FY2020-FY2021
(in mil ions of dol ars)
FY2021
Senate
FY2021
Committee
FY2020
FY2021
House-
Majority
FY2021
Agency
Enacted
Request
Passed
Draft
Enacted
Administrative Conference of the
3.3
3.5
3.5
3.3

United States
Commission on Federal Naming and


1.5


Displays
Commodity Futures Trading
315.0
304.0
304.0
304.0

Commissiona
Consumer Product Safety Commission
132.5
135.0
137.0
131.2

Election Assistance Commission
840.2
13.1
520.1
12.8

Federal Communications Commissionb
200.0
(343.1)
61,040.0


Federal Deposit Insurance Corporation:
(43.0)
(43.0)
(43.0)


Office of Inspector Generalc
Federal Election Commission
71.5
73.3
73.3
71.5

Federal Labor Relations Authority
24.9
28.4
26.1
25.0

Federal Permitting Improvement
8.0
10.0
6.0
10.0

Steering Council
Federal Trade Commission
172.0
161.2
172.0
162.0

General Services Administrationd
-765.7
866.5
4,935.2
-804.3

Harry S Truman Scholarship Foundation
1.7

1.7
2.0

Inspectors General Council Fund
1.0


0.9

(Oversight.gov)
Merit Systems Protection Board
46.8
44.5
46.8
44.5

Morris K. Udal Foundation
5.0
5.0
5.0
5.0

National Archives and Records
385.9
367.3
389.2
373.3

Administratione
National Credit Union Administration
1.5

2.0


Office of Government Ethics
17.5
18.6
18.6
18.6

Office of Personnel Management
420.1

337.5
354.0

(discretionary)
Office of Special Counsel
27.5
27.4
30.5
27.4

Postal Regulatory Commission
16.6
19.2
18.6
16.6

Privacy and Civil Liberties Oversight
8.2
8.5
8.5
8.5

Board
Public Building Reform Board

3.5
3.5
3.5

Public Company Accounting Oversight
1.0
-8.0
(1.0)
(1.0)

Board Scholarships
Securities and Exchange Commissionb
(1,825.5)
(1,926.2)
(1,951.3)
(1,926.2)

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Financial Services and General Government (FSGG) FY2021 Appropriations: Overview

FY2021
Senate
FY2021
Committee
FY2020
FY2021
House-
Majority
FY2021
Agency
Enacted
Request
Passed
Draft
Enacted
Selective Service System
27.1
26.0
27.8
26.0

Smal Business Administration (SBA)
63,680.5
739.0
944.4
909.2

SBA Prior Year Rescission
-16.4




United States Postal Service (USPS)
56.7
55.3
57.3
27.0

Fund
USPS Office of Inspector General
250.0
261.6
258.2
250.0

United States Tax Court
53.0
59.3
57.0
56.1

Total: Independent Agencies (net
65,985.4
3,221.1
69,425.3
2,038.1

discretionary)
Sources: H.Rept. 116-456, H.R. 7617, and Senate Appropriations Committee Majority Draft Explanatory
Statement.
Notes: Al figures are rounded to the nearest $100,000. Columns may not sum due to rounding. Figures in
parentheses reflect offsetting col ections and are not totaled. The funding for these agencies is primarily in Title
V, but the table also reflects funding or rescissions for the Public Company Accounting Oversight Board
scholarships (Section 620), the Oversight.gov website (Inspectors General Council Fund, Section 631), the Smal
Business Administration (Section 635), the Office of Personnel Management (Section 734), and the Commission
on Federal Naming and Displays (Section 754), as wel as the emergency infrastructure spending in Title IX.
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
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
are not included in the table totals.
c. Budget authority transferred to the Federal Deposit Insurance Corporation’s Office of Inspector General is
not included in total FSGG appropriations. It is counted as part of the budget authority in the appropriation
account from which it came.
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
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
fiscal year is less than the amount of new revenue expected to be deposited.
e. Amount as shown in the committee reports. 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.
FSGG and Emergency Spending
Some of the FSGG agencies frequently receive funding through supplemental appropriations bil s
in addition to regular appropriations. This is particularly the case for the SBA, which plays a
significant role in recovery following disasters such as hurricanes. In FY2020, responding to the
COVID-19 pandemic, Congress passed four different supplemental appropriations bil s (P.L. 116-
123, P.L. 116-127, P.L. 116-136, and P.L. 116-139) containing nearly $64 bil ion in emergency
appropriations to address the pandemic, with $63.7 bil ion of this total going to the SBA.
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Financial Services and General Government (FSGG) FY2021 Appropriations: Overview

The House-passed FY2021 bil also includes over $67 bil ion in “emergency infrastructure
investments to respond to the economic col apse related to the coronavirus,”11 contained in Title
X. The bil would provide $61.04 bil ion for expansion of internet broadband through FCC grants
and $6 bil ion for federal buildings through the General Services Administration (GSA).
Financial Regulatory Agencies and FSGG
Appropriations
Although financial services are a focus of the FSGG bil , the bil does not actual y include
funding for the regulation of much of the financial services industry.12 Financial services as an
industry is often subdivided into banking, insurance, and securities. Federal regulation of the
banking industry is divided among the Federal Reserve, the Federal Deposit Insurance
Corporation (FDIC), the Office of Comptroller of the Currency, and the Bureau of Consumer
Financial Protection (general y known as the Consumer Financial Protection Bureau, or CFPB). 13
In addition, credit unions, which operate similarly to many banks, are regulated by the National
Credit Union Administration (NCUA). None of these agencies receives its primary funding
through the appropriations process, with only the FDIC inspector general and a smal program
operated by the NCUA currently funded in the FSGG bil .
Insurance is general y regulated at the state level, with some oversight at the holding company
level by the Federal Reserve. There is a relatively smal Federal Insurance Office (FIO) inside the
Treasury, which is funded through the Departmental Offices account, but the FIO has no
regulatory authority.14
Federal securities regulation is divided between the Securities and Exchange Commission (SEC)
and the CFTC, both of which are funded through appropriations.15 The CFTC funding is a
relatively straightforward appropriation from the general fund, whereas the SEC funding is
provided by the FSGG bil but then offset through fees col ected by the SEC.
Although funding for many financial regulatory agencies may not be provided by the FSGG bil ,
legislative provisions affecting financial regulation in general and some of these agencies
specifical y have often been included in FSGG bil s.
The President’s FY2021 budget proposed that funding for the CFPB be restructured. In FY2021,
the CFPB’s funding through the Federal Reserve would be reduced, and then, going forward from
FY2022, funding would be provided by congressional appropriation from the general fund.16 This

11 H.Rept. 116-456, p. 3.
12 For a more complete discussion regarding the funding of financial regulators and general financial regulatory
structure, see CRS Report R43391, Independence of Federal Financial Regulators: Structure, Funding, and Oth er
Issues
, by Henry B. Hogue, Marc Labonte, and Baird Webel; and CRS Report R44918, Who Regulates Whom ? An
Overview of the U.S. Financial Regulatory Fram ework
, by Marc Labonte.
13 For more information on banking regulation, see CRS In Focus IF10035, Introduction to Financial Services:
Banking
, by Raj Gnanarajah.
14 For more information, see CRS In Focus IF10043, Introduction to Financial Services: Insurance, by Baird Webel.
15 For more information, see CRS In Focus IF10032, Introduction to Financial Services: The Securities and Exchange
Com m ission (SEC)
, by Gary Shorter; and CRS In Focus IF10117, Introduction to Financial Services: Derivatives, by
Rena S. Miller.
16 See Office of Management and Budget, Major Savings and Reforms, Fiscal Year 2021, p. 185,
https://www.whitehouse.gov/wp-content/uploads/2020/02/msar_fy21.pdf.
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Financial Services and General Government (FSGG) FY2021 Appropriations: Overview

proposed change was explicitly rejected in the House committee report and was not included in
House legislation.17
Committee Structure and Scope
The House and Senate Committees on Appropriations reorganized their subcommittee structures
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
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
Agencies, commonly referred to as TTHUD.18 In addition, the House FSGG Subcommittee was
assigned four independent agencies that had been under the jurisdiction of the Science, State,
Justice, Commerce, and Related Agencies Subcommittee: the FCC, the Federal Trade
Commission (FTC), the SEC, and the SBA.
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
the jurisdiction of the Transportation, Treasury, the Judiciary, and Housing and Urban
Development, and Related Agencies Subcommittee were assigned to the FSGG Subcommittee.19
In addition, the District of Columbia, which had its own subcommittee in the 109th Congress, was
placed under the purview of the FSGG Subcommittee, as were four independent agencies that had
been under the jurisdiction of the Commerce, Justice, Science, and Related Agencies
Subcommittee: the FCC, FTC, SEC, and SBA. As a result of this reorganization, the House and
Senate FSGG Subcommittees have nearly identical jurisdictions, except the CFTC is under the
jurisdiction of the FSGG Subcommittee in the Senate and the Agriculture Subcommittee in the
House.

17 H.Rept. 116-456, p. 55.
18 T he agencies previously under the jurisdiction of the House Appropriations Subcommittee on T ransportation,
T reasury, 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 T ransportation (DOT ), the Department of
Housing and Urban Development (HUD), the Architectural and T ransportation Barriers Compliance Board, the Federal
Maritime Commission, the National T ransportatio n Safety Board, the Neighborhood Reinvestment Corporation, and
the United States Interagency Council on Homelessness.
19 T he agencies that did not transfer from the Senate Appropriations Subcommittee on T ransportation, Treasury, the
Judiciary, and Housing and Urban Development, and Related Agencies to FSGG were DOT , HUD, the Architectural
and T ransportation Barriers Compliance Board, the Federal Maritime Commission, the National T ransportation Safety
Board, the Neighborhood Reinvestment Corporation, and the United States Interagency Council on Homelessness.
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Financial Services and General Government (FSGG) FY2021 Appropriations: Overview

Appendix. Financial Services and General
Government (FSGG) Anomalies in the Continuing
Resolution (P.L. 116-159)

Section 129—Extension of District of Columbia Voucher School Accreditation20
Section 129 modifies District of Columbia law so that certain types of private educational
institutions participating in the Scholarships for Opportunity and Results Act (Division C of P.L.
112-10) grant program may have up to six years to complete their initial accreditation.21
Previously, these institutions had five years to complete their initial accreditation.
Section 130—District of Columbia Local Funds22
Section 130 grants congressional approval of the District of Columbia general fund and capital
budgets for FY2021, consistent with the requirements of the District of Columbia home rule act
(P.L. 93-198), which requires congressional approval of the District’s budget. This provision
grants the District the authority to expend local y raised funds only for those programs and
activities that received funding in the District’s FY2020 appropriation (the District of Columbia
Appropriations Act, 2020 [Title IV of Division C of P.L. 116-93]). This provision also al ows
District officials to obligate local y raised funds at the rate set forth in the Fiscal Year 2021 Local
Budget Act of 2020 (D.C. Act 23-408).
Section 131—Additional Funding for Presidential Inauguration Activities23
Section 131 provides an additional $13 mil ion for the District of Columbia’s emergency
planning and security costs related to the upcoming presidential inauguration. This amount is in
addition to amounts that have already been appropriated by Section 101 of this act for presidential
inauguration planning and security operations. The provision is similar to previous inauguration-
related funding anomalies that were provided in past continuing resolutions that preceded
presidential inaugurations.
Section 132—Increased Flexibility to Process Certain Small Business
Administration Loans24

Section 132 reduces funding for loan credit subsidies in the SBA 7(a) loan guarantee program
from $99 mil ion to $15 mil ion. The 7(a) loan guarantee program provides loans to smal
businesses that might otherwise not find financing, and it is one of the SBA’s primary programs.
The funding provided by this provision may be apportioned at the rate necessary to meet
demand.25 This provision also authorizes the SBA to accommodate increased demand for

20 T his section was authored by Joseph V. Jaroscak, Analyst in Economic Development Policy.
21 Section 38—1853.07(a)(5)(A)(i)(II)(bb) of the District of Columbia Official Code.
22 T his section was authored by Joseph V. Jaroscak, Analyst in Economic Development Policy.
23 T his section was authored by Joseph V. Jaroscak, Analyst in Economic Development Policy.
24 T his section was authored by Robert Jay Dilger, Senior Specialist in American National Government.
25 For more information, see CRS Report R41146, Small Business Administration 7(a) Loan Guaranty Program .
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Financial Services and General Government (FSGG) FY2021 Appropriations: Overview

commitments to guarantee loans for debentures under the Smal Business Investment Company
program.26
Section 133—Increased Flexibility to Process Small Business Administration
Disaster Loans27

Section 133 al ows amounts made available by Section 101 for the SBA—Disaster Loans
Program Account to be apportioned up to the rate for operations necessary to accommodate
increased demand for commitments for disaster administrative expenses.28
Section 134—Additional Funding for Presidential Transition Office Space29
Section 134(a) provides the GSA with $9.9 mil ion to carry out the Presidential Transition Act of
1963 (P.L. 88-277, as amended). The appropriation is for purposes related to the presidential
election and is in addition to amounts otherwise appropriated for the GSA. Section 134(b)
explicitly states that funding for the GSA’s Pre-Election Presidential Transition account is not
provided under this act.
Section 135—Increased Flexibility for Government Rental Payments30
Section 135 provides that amounts made available by Section 101 for the GSA’s Real Property
Activities—Federal Buildings Fund—Limitations on Availability of Revenue may be apportioned
up to the rate for operations necessary for monthly rental of space operations.
Section 136—Additional Funding for Presidential Transition31
Section 136 provides, in addition to amounts appropriated by Section 101, $8 mil ion for the
Office of Administration’s Presidential Transition Administrative Support account for expenses to
carry out the Presidential Transition Act of 1963 (P.L. 88-277, as amended) and similar expenses.
This provision also al ows funds to be transferred to other accounts that provide funding for
offices within the Executive Office of the President and the Office of the Vice President.
Section 137—Additional Funding for Presidential Transition Archival
Activities32

Section 137 provides, in the event of a presidential transition, $18 mil ion to the National
Archives to carry out the presidential transition responsibilities under the Presidential Records
Act of 1978 (42 U.S.C. §§2201-2207).33 This amount is in addition to amounts otherwise
appropriated by this act for the National Archives.

26 For more information, see CRS Report R41456, SBA Small Business Investment Company Program .
27 T his section was authored by Robert Jay Dilger, Senior Specialist in American National Government.
28 For more information, see CRS Report R41309, The SBA Disaster Loan Program: Overview and Possible Issues for
Congress
.
29 T his section was authored by Garrett Hatch, Specialist in American National Government .
30 T his section was authored by Garrett Hat ch, Specialist in American National Government .
31 T his section was authored by Barbara L. Schwemle, Analyst in American National Government .
32 T his section was authored by Meghan M. Stuessy, Analyst in Government Organization and Management .
33 For more information, see CRS Report R46129, The Presidential Records Act: An Overview.
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Financial Services and General Government (FSGG) FY2021 Appropriations: Overview

Section 138—Increased Flexibility for Background Check Administrative
Expenses34

Section 138 provides that amounts made available by Section 101 for Office of Personnel
Management (OPM)—Salaries and Expenses, including amounts to be transferred from the
appropriate OPM trust funds, can be apportioned up to the rate for operations necessary to offset
any administrative expenses related to transferring the functions of the National Background
Investigations Bureau to the Department of Defense.
Section 139—Extension of Certain Bankruptcy Judgeships35
Section 139 extends the term of office for a temporary federal bankruptcy judgeship in the
Eastern District of Tennessee from five years to nine years.36 This modification further extends a
temporary U.S. bankruptcy judgeship for the Eastern District of Tennessee that was original y
created in 1992 (P.L. 102-361).



Author Information

Baird Webel

Acting Section Research Manager



Disclaimer
This document was prepared by the Congressional Research Service (CRS). CRS serves as nonpartisan
shared staff to congressional committees and Members of Congress. It operates solely at the behest of and
under the direction of Congress. Information in a CRS Report should n ot be relied upon for purposes other
than public understanding of information that has been provided by CRS to Members of Congress in
connection with CRS’s institutional role. CRS Reports, as a work of the United States Government, are not
subject to copyright protection in the United States. Any CRS Report may be reproduced and distributed in
its entirety without permission from CRS. However, as a CRS Report may include copyrighted images or
material from a third party, you may need to obtain the permission of the copyright holder if you wish to
copy or otherwise use copyrighted material.


34 T his section was authored by Barbara L. Schwemle, Analyst in American National Government .
35 T his section was authored by Barry J. McMillion, Analyst in American National Government .
36 T his provision modifies Section 2(b)(2)(C)(i) of the T emporary Bankruptcy Judgeships Extension Act of 2012 (28
U.S.C. §152 note; P.L. 112-121).
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