Financial Services and General Government
July 7, 2022
(FSGG) FY2023 Appropriations: Overview
Baird Webel
The Financial Services and General Government (FSGG) appropriations bill includes funding for
Specialist in Financial
the Department of the Treasury, the Executive Office of the President, the judiciary, the District
Economics
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 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
$249 million for the CFTC.
House action. 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,
2022. Approximate total FY2022 funding in the reported bill was $51.7 billion. Another $363 million for the CFTC was
included in the Agriculture appropriations bill (H.R. 8239; H.Rept. 117-392). The approximate combined total of $52.1
billion is $1.1 billion less than the President’s FY2023 request.
Senate action. To date, 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 Revenue Service. An FY2023 FSGG appropriations bill has yet to be introduced in the Senate or acted upon at either
the subcommittee or the full committee level.
Although financial services are a major focus of the FSGG appropriations bills, these bills do not include funding for many
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
contained no such legislative provisions, and neither to date has the congressional legislation.
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Contents
Administration and Congressional Action ....................................................................................... 1
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 ............................................................................. 2
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
Contacts
Author Information ........................................................................................................................ 13
Congressional Research Service
Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
The Financial Services and General Government (FSGG) appropriations bill includes funding for
a wide variety of federal government functions and government-wide direction on usage of
funds.1 The bill funds
the Department of the Treasury (Title I),2
the Executive Office of the President (Title II),
the judiciary (Title III),3
the District of Columbia (Title IV),4 and
more than two dozen independent agencies (Title V).
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
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
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
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
the FSGG appropriations bill 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 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
legislative provisions addressing various financial regulatory issues to be included in titles at the
end of the bill.
Administration and Congressional Action
President Biden submitted his full FY2023 budget request on March 28, 2022. The request
included a total of $53.2 billion for agencies funded through the FSGG appropriations bill,
including a net total of $249 million for the CFTC.5
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,
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
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.
2 For more information, see CRS In Focus IF12098, Internal Revenue Service Appropriations, FY2023, by Gary
Guenther.
3 For more information, see CRS In Focus IF11842, Judiciary Budget Request, FY2023, by Barry J. McMillion; and
CRS Report R47155, Judiciary Appropriations, FY2022, by Barry J. McMillion.
4 For more information, see CRS Report R47156, FY2022 District of Columbia Budget and Appropriations, by Joseph
V. Jaroscak.
5 The CFTC request was for a total of $365 million, to be offset with $116 million of user fees, which would require
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.
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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.
To date, an FY2023 FSGG appropriations bill has not been introduced in the Senate or acted upon
at either the subcommittee or the full committee level. 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 Network6 and on the Internal
Revenue Service.7
Table 1 below reflects the status of FY2023 FSGG appropriations measures at key points in the
appropriations process. Table 2 lists, largely by title, the amounts requested by the President and
included in the various FSGG and emergency supplemental bills. Tables 3-7, respectively, detail
the amounts for the Treasury, the Executive Office of the President, the judiciary, the District of
Columbia, and the independent agencies. Specific columns in Tables 3-7 are FSGG agencies’
enacted amounts for FY2022, the President’s FY2023 request, and the FY2023 amounts from the
House committee-reported H.R. 8254.
Table 1. Status of FY2023 Financial Services and
General Government (FSGG) Appropriations
Subcommittee
Markup
Final Adoption
House
House
Senate
Senate
Conference
Enact-
House
Senate Report Passage
Report Passage
Report
House
Senate
ment
June 16,
June 28,
—
—
—
—
2022
2022
Source: Prepared by CRS.
6 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,
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-
treasury-office-of-terrorism-and-financial-intelligence-and-the-treasury-financial-crimes-enforcement-network.
7 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
https://www.appropriations.senate.gov/hearings/the-fiscal-year-2023-budget-request-from-the-u-s-internal-revenue-
service.
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
Table 2. FSGG Appropriations, FY2022-FY2023
(millions of dollars)
FY2023
FY2023
FY2022
FY2023
House
Senate
FY2023
Agency
Enacted
Request
Committee Committee
Enacted
Department of the Treasury
14,237.0
16,156.5
15,558.5
—
—
Executive Office of the President
807.3
854.0
865.5
—
—
Judiciary
8,445.3
9,062.4
8,994.9
—
—
District of Columbia
775.5
773.9
793.9
—
—
Independent Agencies
7,649.5
4,920.8
4,478.2
—
—
Mandatory Retirement Accounts
21,996.6
21,418.6
21,418.6
—
—
Total
53,911.2
53,186.1
52,109.5
—
—
Sources: H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43).
Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net
reflecting rescissions and offsetting collections.
Totals for each column include funding for the Commodity Futures Trading Commission, which is funded in the
House through the Agriculture appropriations bill and in the Senate through the FSGG bill.
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 mandatory spending for the President’s salary is contained in Title VI, whereas the rest of presidential
spending is in Title II.
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
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
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
Branch appropriations bill.
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
Table 3. Department of the Treasury Appropriations, FY2022-FY2023
(millions of dollars)
FY2023
FY2023
FY2022
FY2023
House
Senate
FY2023
Enacted
Request
Committee
Committee
Enacted
Departmental
Offices (Salaries
260.1
293.2
278.4
—
—
and Expenses)
Committee on
Foreign
Investment in
0.0
-1.0
-1.0
—
—
the United
States Fund
Terrorism and
Financial
220.2
212.1
217.1
—
—
Intelligence
Cybersecurity
80.0
215.0
135.0
—
—
Enhancement
Department-
wide Systems
6.1
11.1
11.1
—
—
and Capital
Investments
Office of
Inspector
42.3
43.9
48.9
—
—
General
Treasury
Inspector
174.3
182.4
179.4
—
—
General for Tax
Administration
Special
Inspector
General for
16.0
9.0
9.0
—
—
Troubled Asset
Relief Program
Special
Inspector
General for
8.0
25.0
16.0
—
—
Pandemic
Recovery
Financial Crimes
Enforcement
180.0
210.3
210.3
—
—
Network
Bureau of the
355.9
372.5
372.5
—
—
Fiscal Service
Alcohol and
Tobacco Tax
128.1
150.9
150.9
—
—
and Trade
Bureau
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
FY2023
FY2023
FY2022
FY2023
House
Senate
FY2023
Enacted
Request
Committee
Committee
Enacted
Community
Development
Financial
295.0
331.4
336.4
—
—
Institutions
Fund
Internal
Revenue Service
12,594.1
14,100.7
13,594.6
—
—
(total)
Treasury
Forfeiture Fund
-175.0
—
—
—
—
(Rescission)
Ukraine
52.0
—
—
—
—
Emergency
Total
14,237.0
16,156.5
15,558.5
—
—
Source: H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43).
Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net
reflecting rescissions and offsetting collections.
For more information on Treasury appropriations, contact CRS Analyst in Public Finance Gary Guenther.
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
Table 4. Executive Office of the President Appropriations, FY2022-FY2023
(in millions of dollars)
FY2023
FY2023
FY2022
FY2023
House
Senate
FY2023
Enacted
Request
Committee
Committee
Enacted
The White
205.1
230.5
230.5
—
—
House (total)
Office of
Management
116.0
128.0
128.0
—
—
and Budget
Intellectual
Property
1.8
1.9
1.9
—
—
Enforcement
Coordinator
Office of the
National Cyber
21.0
21.9
21.9
—
—
Director
Office of
National Drug
449.2
450.5
462.0
—
—
Control Policy
Unanticipated
1.0
1.0
1.0
—
—
Needs
Information
Technology
8.0
13.7
13.7
—
—
Oversight and
Reform
Special
Assistance to
the President
4.8
6.1
6.1
—
—
(Salaries and
Expenses)
Official
Residence of
the Vice
0.3
0.3
0.3
—
—
President
(Operating
Expenses)
Total: EOP
and Funds
Appropriated
807.3
854.0
865.5
—
—
to the
President
Source: H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43).
Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net
reflecting rescissions and offsetting collections. 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.
For more information on the appropriations for the Executive Office of the President, contact CRS Analyst in
American National Government Barbara Schwemle.
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
Table 5. The Judiciary Appropriations, FY2022-FY2023
(millions of dollars)
FY2023
FY2023
FY2022
FY2023
House
Senate
FY2023
Enacted
Request
Committee
Committee
Enacted
U.S. Supreme
115.5
143.6
146.1
—
—
Court (total)
U.S. Court of
Appeals for the
37.5
39.8
40.1
—
—
Federal Circuit
U.S. Court of
International
22.8
23.7
23.6
—
—
Trade
U.S. Courts of
Appeals,
District Courts,
8,120.5
8,688.8
8,495.6
—
—
and Other
Judicial Services
(total)
Administrative
Office of the
98.5
111.3
105.7
—
—
U.S. Courts
Federal Judicial
29.9
33.5
34.3
—
—
Center
United States
Sentencing
20.6
21.9
21.6
—
—
Commission
Judicial Security
—
—
128.0
—
—
Total: The
8,445.3
9,062.4
8,994.9
—
—
Judiciary
Source: H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43).
Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net
reflecting rescissions and offsetting collections.
For more information on judiciary appropriations, contact CRS Analyst in American National Government Barry
J. McMillion.
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
Table 6. District of Columbia Special Federal Payments Appropriations,
FY2022-FY2023
(millions of dollars)
FY2023
FY2023
FY2022
FY2023
House
Senate
FY2023
Enacted
Request
Committee
Committee
Enacted
Resident Tuition
40.0
20.0
40.0
—
—
Support
Emergency
Planning and
25.0
30.0
30.0
—
—
Security
District of
Columbia
257.6
295.6
295.6
—
—
Courts
Defender
46.0
24.0
24.0
—
—
Services
Court Services
and Offender
286.4
281.5
281.5
—
—
Supervision
Agency
Public Defender
52.6
53.6
53.6
—
—
Service
Criminal Justice
Coordinating
2.2
2.5
2.5
—
—
Council
Judicial
0.6
0.6
0.6
—
—
Commissions
School
52.5
52.5
52.5
—
—
Improvement
D.C. National
0.6
0.6
0.6
—
—
Guard
HIV/AIDS
4.0
5.0
5.0
—
—
Prevention
D.C. Water and
8.0
8.0
8.0
—
—
Sewer
Special
Federal
775.5
773.9
793.9
—
—
Payments
(total)
Source: H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43).
Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net
reflecting rescissions and offsetting collections. The federal payment for the DC Water and Sewer Authority
includes a provision requiring a 100% match from the authority.
For more information on DC appropriations, contact CRS Analyst in Economic Development Policy Joseph V.
Jaroscak.
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Table 7. FSGG Independent Agencies Appropriations, FY2022-FY2023
(millions of dollars)
FY2023
FY2022
FY2023
FY2023 House
Senate
FY2023
Agency
Enacted
Request
Committee
Committee
Enacted
Administrative
Conference of the
3.4
3.5
3.5
—
—
United States
Commission on
Federal Naming and
—
—
1.5
—
—
Displays
Commodity Futures
382.0
249.0
365.0
—
—
Trading Commissiona
Consumer Product
139.1
195.5
166.3
—
—
Safety Commission
Election Assistance
95.0
280.1
434.1
—
—
Commission
Federal
Communications
14,200.0
(390.2)
(390.2)
—
—
Commissionb
Federal Deposit
Insurance Corporation:
(46.5)
(47.5)
(47.5)
—
—
Office of Inspector
Generalc
Federal Election
74.5
81.7
81.7
—
—
Commission
Federal Labor
27.4
31.8
31.8
—
—
Relations Authority
Federal Permitting
Improvement Steering
10.7
10.3
10.0
—
—
Council
Federal Trade
218.5
280.0
280.0
—
—
Commission
General Services
2,391.4
1,266.7
546.2
—
—
Administrationd
Harry S Truman
2.5
—
2.5
—
—
Scholarship Foundation
Inspectors General
Council Fund
0.9
0.9
0.9
—
—
(Oversight.gov)
Merit Systems
48.2
53.5
53.5
—
—
Protection Board
Morris K. Udall
5.1
5.7
5.7
—
—
Foundation
National Archives and
Records
476.5
449.5
451.8
—
—
Administratione
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FY2023
FY2022
FY2023
FY2023 House
Senate
FY2023
Agency
Enacted
Request
Committee
Committee
Enacted
National Credit Union
1.5
4.0
4.0
—
—
Administration
Office of Government
19.2
22.4
25.4
—
—
Ethics
Office of Personnel
Management
370.9
454.3
446.3
—
—
(discretionary)
Office of Special
30.4
32.0
32.0
—
—
Counsel
Postal Regulatory
17.5
20.3
—
—
—
Commission
Privacy and Civil
Liberties Oversight
9.8
10.7
10.7
—
—
Board
Public Building Reform
3.6
4.0
4.0
—
—
Board
Public Company
Accounting Oversight
(2.0)
(2.0)
(2.0)
—
—
Board Scholarships
Securities and
(1,999.7)
(2,206.4)
(2,206.4)
—
—
Exchange Commissionb
Selective Service
29.2
29.7
29.3
—
—
System
Small Business
Administration (SBA)
2,219.8
1,056.8
1,107.6
—
—
SBA rescission
-13,500.0
—
—
—
U.S. Postal Service
52.6
50.3
56.3
—
—
(USPS) Fund
USPS Office of
262.0
271.0
271.0
—
—
Inspector General
U.S. Tax Court
57.8
57.3
57.3
—
—
Total: Independent
Agencies (Net
7,649.5
4,920.8
4,478.2
—
—
Discretionary)
Sources: H.Rept. 117-393 (reflecting H.R. 8254, P.L. 117-128, P.L. 117-103, P.L. 117-58, and P.L. 117-43).
Notes: All figures are rounded to the nearest $100,000. Columns may not sum due to rounding. Figures in
parentheses are gross amounts, which are then offset with collections 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
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
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
included in the Legislative Branch appropriations bill.
a. The Commodity Futures Trading Commission is funded in the House through the Agriculture
appropriations bill and in the Senate through the FSGG bill.
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
b. The Federal Communications Commission (FCC) and the Securities and Exchange Commission (SEC) are
funded by collecting regulatory fees (or “offsetting collections”), often resulting in no direct appropriations.
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
appropriations above the offsetting collections in P.L. 117-58.
c. The funding amount for the Federal Deposit Insurance Corporation’s (FDIC’s) Office of Inspector General
is determined in the FSGG bill, but the funding is transferred from nonappropriated FDIC funds and thus is
not included in total FSGG appropriations.
d. The General Services Administration’s (GSA’s) real property activities are funded through the Federal
Buildings Fund (FBF), a multibillion-dollar 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 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 bills 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
funding for the regulation of much of the financial services industry.8 Financial regulatory
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
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
as the Consumer Financial Protection Bureau, or CFPB, which also has authorities over certain
nonbank financial institutions).9 In addition, credit unions—another type of depository—which
operate like banks in most ways, are regulated by the National Credit Union Administration
(NCUA).10 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
funded in the FSGG bill.
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
Treasury that is funded through the Departmental Offices account, but the FIO has no regulatory
authority.11
Federal securities regulation is divided between the Securities and Exchange Commission (SEC)
and the CFTC, both of which are funded through appropriations.12 The CFTC funding is a
8 For a more complete discussion regarding the funding of financial regulators and general financial regulatory
structure, see CRS Report R43391, Independence of Federal Financial Regulators: Structure, Funding, and Other
Issues, by Henry B. Hogue, Marc Labonte, and Baird Webel; and CRS Report R44918, Who Regulates Whom? An
Overview of the U.S. Financial Regulatory Framework, by Marc Labonte.
9 For more information, see CRS In Focus IF10035, Introduction to Financial Services: Banking, by Raj Gnanarajah.
10 For more information, see CRS In Focus IF11713, Introduction to Financial Services: Credit Unions, by Darryl E.
Getter.
11 For more information, see CRS In Focus IF10043, Introduction to Financial Services: Insurance, by Baird Webel.
12 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.
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
relatively straightforward appropriation from the general fund, whereas the SEC funding is
provided by the FSGG bill but then offset through fees collected by the SEC.
Housing finance, particularly the two large government-sponsored enterprises Fannie Mae and
Freddie Mac, is overseen by the Federal Housing Finance Agency,13 which is funded primarily
through assessments on regulated entities and receives no funding through the FSGG bill.
Although funding for many financial regulatory agencies may not be provided by the FSGG bill,
legislative provisions affecting financial regulation in general and some of these agencies
specifically have often been included in FSGG bills. In FY2022, however, neither the President’s
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
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.14 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 Federal Communications
Commission (FCC), the Federal Trade Commission (FTC), the SEC, and the Small Business
Administration (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, Judiciary, Housing and Urban Development, and
Related Agencies Subcommittee were assigned to the FSGG Subcommittee.15 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 that CFTC is under the jurisdiction of
the FSGG Subcommittee in the Senate and the Agriculture Subcommittee in the House.
13 For more information, see CRS In Focus IF11715, Introduction to Financial Services: The Housing Finance System,
by Darryl E. Getter.
14 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
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
Maritime Commission, the National Transportation Safety Board, the Neighborhood Reinvestment Corporation, and
the U.S. Interagency Council on Homelessness.
15 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
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.
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Financial Services and General Government (FSGG) FY2023 Appropriations: Overview
Author Information
Baird Webel
Specialist in Financial Economics
Disclaimer
This document was prepared by the Congressional Research Service (CRS). CRS serves as nonpartisan
shared staff to congressional committees and Members of Congress. It operates solely at the behest of and
under the direction of Congress. Information in a CRS Report should not be relied upon for purposes other
than public understanding of information that has been provided by CRS to Members of Congress in
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.
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