Financial Services and General Government
October 5, 2023
(FSGG) FY2024 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 Biden submitted his full FY2024 budget request on March 9, 2023. The request included a
total of $54.2 billion for agencies funded through the FSGG appropriations bill, including a net total of $295 million for the
CFTC.
House action. The House Financial Services and General Government Appropriations Act, 2024 (H.R. 4664), was marked
up in subcommittee on June 22, 2023; marked up in full committee on July 13, 2023; and reported (H.Rept. 118-145) on July
17, 2023. Approximate total FY2024 funding in the reported bill was $33.6 billion. Another $345 million for the CFTC was
included in the Agriculture appropriations bill (H.R. 4368; H.Rept. 118-124). The combined total of $34.0 billion was
approximately $20.2 billion less than the President’s FY2024 request. The largest amount of this difference is due to over
$10 billion in rescissions of multiyear IRS funding previously provided in P.L. 117-169.
Senate action. The Senate Financial Services and General Government Appropriations Act, 2024 (S. 2309), was marked up
in subcommittee on July 11, 2023, and marked up in full committee and reported (S.Rept. 118-61) on July 13, 2023.
Approximate total FY2024 funding in the reported bill was $39.1 billion, including $365 million for the CFTC. The total was
approximately $15 billion less than the President’s FY2024 request with the largest amount of this difference due to over $10
billion in rescissions of IRS funding previously provided in P.L. 117-169.
Continuing resolution. No full-year FY2024 appropriations measure was enacted prior to the end of September 2023. On
September 30, 2023, Congress passed, and the President signed, the Continuing Appropriations Act, 2024 (H.R. 5860/P.L.
118-15), providing continuing appropriations through November 17, 2023, largely based on FY2023 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. FSGG appropriations bills, however,
have occasionally contained additional legislative provisions related to such agencies. In FY2024, H.R. 4664 includes
specific language changing the leadership structure for the Consumer Financial Protection Bureau and bringing the
independently funded agency into the regular appropriations process.

Congressional Research Service

Financial Services and General Government (FSGG) FY2024 Appropriations: Overview

he Financial Services and General Government (FSGG) appropriations bill includes
funding for a wide variety of federal government functions and government-wide direction
T 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 the bill.
Administration and Congressional Action
President Biden submitted his full FY2024 budget request on March 9, 2023. The request
included a total of $54.2 billion for agencies funded through the FSGG appropriations bill,
including a net total of $295 million for the CFTC.5
The House Financial Services and General Government Appropriations Act, 2024 (H.R. 4664),
was marked up in subcommittee on June 22, 2023; marked up in full committee on July 13, 2023;
and reported (H.Rept. 118-145) on July 17, 2023. Approximate total FY2024 funding in the
reported bill was $33.6 billion. Another $345 million for the CFTC was included in the
Agriculture appropriations bill (H.R. 4368; H.Rept. 118-124). The combined total of $34.0 billion
was approximately $20.2 billion less than the President’s FY2024 request. The largest amount of

1 For a complete list of the CRS experts covering the various FSGG agencies, see CRS Report R42638,
Appropriations: CRS Experts, by James M. Specht and Justin Murray.
2 For more information, see CRS In Focus IF12440, Internal Revenue Service Appropriations, FY2024, by Gary
Guenther.
3 For more information, see CRS In Focus IF12353, Judiciary Budget Request, FY2024, by Barry J. McMillion.
4 For more information, see CRS Report R47319, FY2023 District of Columbia Budget and Appropriations, by Joseph
V. Jaroscak.
5 The CFTC request was for a total of $411 million, to be offset with $116 million of user fees, which would require
congressional authorization. See the CFTC FY2024 budget request at https://www.cftc.gov/sites/default/files/
CFTC_FY_2024_President_Budget_Report.pdf, particularly “Administration’s Proposal on User Fees” starting on p.
46.
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link to page 5 link to page 5 Financial Services and General Government (FSGG) FY2024 Appropriations: Overview

this difference is due to over $10 billion in rescissions of multiyear IRS funding previously
provided in P.L. 117-169.
The Senate Financial Services and General Government Appropriations Act, 2024 (S. 2309), was
marked up in subcommittee on July 11, 2023, and marked up in full committee and reported
(S.Rept. 118-61) on July 13, 2023. Approximate total FY2024 funding in the reported bill was
$39.1 billion, including $365 million for the CFTC. The total was approximately $15 billion less
than the President’s FY2024 request, with the largest amount of this difference due to over $10
billion in rescissions of directly appropriated IRS funding previously provided in P.L. 117-169.
No full-year FY2024 appropriations measure was enacted prior to the end of September 2023. On
September 30, 2023, Congress passed, and the President signed, the Continuing Appropriations
Act, 2024 (H.R. 5860/P.L. 118-15), providing continuing appropriations through November 17,
2023, largely based on FY2023 levels. The act includes two anomalies affecting funding in the
FSGG bill.6 One, Section 126, increases the spending for the Office of Personnel Management to
a rate of operations of approximately $219 million, more than $28 million above the amount
provided in FY2023. The other, Section 127, allows the District of Columbia to spend its own
funding at the rate of operations provided for in the FY2024 Local Budget Act (D.C. Act 25-161).
Table 1 below reflects the status of FY2024 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 FSGG 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 FY2023, the
President’s FY2024 request, and the FY2024 amounts from the committee-reported versions of
H.R. 4664 and S. 2309.
Table 1. Status of FY2024 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 22, July 11,
July 17,
July 13,
2023
2023
2023
—
2023
—
—
—
—
—
Source: Prepared by CRS.
Table 2. FSGG Appropriations, FY2023-FY2024
Millions of Dollars
FY2023
FY2024
FY2024
Agency
Enacted
Request
H.R. 4664
S. 2309
Enacted
Department of the Treasury
14,049.8
16,336.5
2,855.2
4,074.8
—
Executive Office of the President
879.6
887.5
799.1
807.6
—
Judiciary
8,994.5
9,637.7
9,183.4
9,066.8
—
District of Columbia
791.9
850.4
802.7
788.9
—

6 Anomalies are exceptions to the duration, amount, or purposes for which those funds may be used for certain
appropriations accounts or activities. For more information, see CRS Report R46595, Continuing Resolutions:
Overview of Components and Practices, coordinated by James V. Saturno.
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Financial Services and General Government (FSGG) FY2024 Appropriations: Overview

FY2023
FY2024
FY2024
Agency
Enacted
Request
H.R. 4664
S. 2309
Enacted
Independent Agencies
4,412.8
4,781.5
-1,342.0
2,711.4
—
Mandatory Retirement Accounts
21,418.6
21,661.6
21,661.6
21,661.6
—
Total
50,547.2
54,155.1
33,960.0
39,111.0
—
Sources: H.Rept. 118-145, H.Rept. 118-124, and S.Rept. 118-61 (reflecting both regular and supplemental
appropriations in P.L. 117-328).
Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net
reflecting rescissions and offsetting col ections. Fol owing the Appropriations Committees reports, the FY2023
enacted total does not include a $1.4 bil ion rescission to previous direct appropriations made in P.L. 118-5. The
FY2024 FSGG bil totals do include rescissions to such previous direct appropriations.
Totals for each column include funding for the Commodity Futures Trading Commission, which is funded in the
House through the Agriculture appropriations bil and in the Senate through the FSGG bil .
Rescissions from the Treasury’s Asset Forfeiture Fund are contained in Title VI and are included in the total for
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)
in Title VI and the Office of Personnel Management and the Commission on Federal Naming and Displays in Title
VII.
Table 3. Department of the Treasury Appropriations, FY2023-FY2024
Millions of Dollars
FY2023
FY2024
FY2024

Enacted
Request
H.R. 4664 S. 2309
Enacted
Departmental Offices (Salaries and
273.9
332.2
248.1
273.9
—
Expenses)
Committee on Foreign Investment in the
(21)
(21)
(21)
(21)
—
United States Fund
Terrorism and Financial Intelligence
216.1
244.0
206.8
221.1
—
Cybersecurity Enhancement
100.0
215.0
150.0
100.0
—
Department-wide Systems and Capital
11.1
30.9
14.6
11.1
—
Investments
Office of Inspector General
48.9
49.2
43.0
48.9
—
Treasury Inspector General for Tax
174.3
187.4
170.3
174.3
—
Administration
Special Inspector General for Troubled
9.0
—
—
—
—
Asset Relief Program
Special Inspector General for Pandemic
12.0
16.0
12.0
12.0
—
Recovery
Financial Crimes Enforcement Network
190.2
228.9
166.0
190.2
—
Bureau of the Fiscal Service
372.5
399.3
368.2
386.5
—
Alcohol and Tobacco Tax and Trade
148.9
155.6
135.0
153.9
—
Bureau
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Financial Services and General Government (FSGG) FY2024 Appropriations: Overview

FY2023
FY2024
FY2024

Enacted
Request
H.R. 4664 S. 2309
Enacted
Community Development Financial
324.0
341.5
278.6
334.0
—
Institutions Fund
Internal Revenue Service (Total)
12,319.1
14,136.6
11,237.6
2,319.1
—
IRS Rescission
—
—
-10,175.0
-10,000
—
Treasury Forfeiture Fund (Rescission)
-150.0

-150.0
—
Total
14,049.8
16,336.5
2,855.2
4,074.8
—
Sources: H.Rept. 118-145 and S.Rept. 118-61 (reflecting both regular and supplemental appropriations in P.L.
117-328).
Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Unless otherwise
labeled, figures are net reflecting rescissions and offsetting col ections. Figures in parentheses are gross amounts,
which are then offset with col ections and thus are treated as zeros in the totals. Fol owing the Appropriations
Committees reports, the FY2023 enacted total does not include a $1.4 bil ion rescission to previous direct
appropriations made in P.L. 118-5. The FY2024 FSGG bil totals do include rescissions to previous direct
appropriations.
For more information on Treasury appropriations, congressional offices may contact CRS Analyst in Public
Finance Gary Guenther.
Table 4. Executive Office of the President (EOP) Appropriations, FY2023-FY2024
Millions of Dollars
FY2023
FY2024
FY2024

Enacted
Request
H.R. 4664
S. 2309
Enacted
The White House (Total)
235.5
242.1
195.1
235.5
—
Office of Management and Budget
128.0
137.5
116.0
128.0
—
Intellectual Property Enforcement
1.9
2.0
1.8
1.9
—
Coordinator
Office of the National Cyber Director
21.9
22.6
21.0
21.9
—
Office of National Drug Control Policy
471.1
461.5
451.0
479.2
—
Unanticipated Needs
1.0
1.0
1.0
1.0
—
Information Technology Oversight and
13.7
14.2
8.0
-66.3
—
Reform
Special Assistance to the President
6.1
6.3
4.8
6.1
—
(Salaries and Expenses)
Official Residence of the Vice President
0.3
0.3
0.3
0.3
—
(Operating Expenses)
Total: EOP and Funds
879.6
887.5
799.1
807.6
—
Appropriated to the President
Sources: H.Rept. 118-145 and S.Rept. 118-61 (reflecting both regular and supplemental appropriations in P.L.
117-328).
Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net
reflecting rescissions and offsetting col ections. 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, congressional offices may
contact CRS Analyst in American National Government Barbara Schwemle.
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Financial Services and General Government (FSGG) FY2024 Appropriations: Overview

Table 5. The Judiciary Appropriations, FY2023-FY2024
Millions of Dollars
FY2023
FY2024
FY2024

Enacted
Request
H.R. 4664 S. 2309
Enacted
U.S. Supreme Court (Total)
141.7
150.8
147.6
143.1
—
U.S. Court of Appeals for the Federal
40.1
42.7
42.0
39.7
—
Circuit
U.S. Court of International Trade
23.6
24.4
24.1
23.3
—
U.S. Courts of Appeals, District Courts,
8,630.6
9,248.6
8,805.7
8,702.1
—
and Other Judicial Services (Total)
Administrative Office of the U.S. Courts
102.7
113.0
107.3
102.7
—
Federal Judicial Center
34.3
35.1
34.2
34.3
—
United States Sentencing Commission
21.6
23.2
22.5
21.6
—
Total: Judiciary
8,994.5
9,637.7
9,183.4
9,066.8
—
Sources: H.Rept. 118-145 and S.Rept. 118-61 (reflecting both regular and supplemental appropriations in P.L.
117-328).
Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net
reflecting rescissions and offsetting col ections. In FY2022, “Judicial Security” funding was provided as
supplemental funding contained in P.L. 117-167. For FY2023, it was contained in the administrative provisions in
Title III, Section 307.
For more information on judiciary appropriations, congressional offices may contact CRS Analyst in American
National Government Barry J. McMil ion.
Table 6. District of Columbia Special Federal Payments Appropriations,
FY2023-FY2024
Millions of Dollars
FY2023
FY2024
FY2024

Enacted
Request
H.R. 4664 S. 2309
Enacted
Resident Tuition Support
40.0
40.0
40.0
40.0
—
Emergency Planning and Security
30.0
48.0
28.0
30.0
—
District of Columbia Courts
291.1
315.6
301.2
291.1
—
Defender Services
24.0
21.0
21.0
21.0
—
Court Services and Offender Supervision
285.0
296.9
287.3
285.0
—
Agency
Public Defender Service
53.6
59.6
57.3
53.6
—
Criminal Justice Coordinating Council
2.5
2.5
2.2
2.5
—
Judicial Commissions
0.6
0.9
0.6
0.6
—
School Improvement
52.5
52.5
52.5
52.5
—
D.C. National Guard
0.6
0.6
0.6
0.6
—
HIV/AIDS Prevention
4.0
5.0
4.0
4.0
—
D.C. Water and Sewer
8.0
8.0
8.0
8.0
—
Total: Special Federal Payments
791.9
850.4
802.7
788.9
—
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Financial Services and General Government (FSGG) FY2024 Appropriations: Overview

Sources: H.Rept. 118-145 and S.Rept. 118-61 (reflecting both regular and supplemental appropriations in P.L.
117-328).
Notes: All figures are rounded to the nearest $100,000. Totals may not sum due to rounding. Figures are net
reflecting rescissions and offsetting col ections. 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, congressional offices may contact CRS Analyst in Economic
Development Policy Joseph V. Jaroscak.
Table 7. FSGG Independent Agencies Appropriations, FY2023-FY2024
Millions of Dollars
FY2023
FY2024
FY2024
Agency
Enacted
Request
H.R. 4664 S. 2309
Enacted
Administrative Conference of the United
3.5
3.5
3.5
3.5
—
States
Goldwater Foundation
2.0
—
—
—
—
Commodity Futures Trading Commissiona
365.0
295.0
345.0
365.0
—
Inspectors General Council (Oversight.gov)
0.9
5.4
0.9
8.0
—
Consumer Financial Protection Bureau
NA
—
-2.0
—
—
Consumer Product Safety Commission
152.5
212.6
139.1
152.5
—
Election Assistance Commission
103.0
333.8
20.0
103.0
—
Federal Communications Commissionb
(390.2)
(410.7)
(382.0)
(410.7)
—
Federal Deposit Insurance Corporation:
(47.5)
(49.8)
(46.5)
(47.5)
—
Office of Inspector Generalc
Federal Election Commission
81.7
93.5
74.5
81.7
—
Federal Labor Relations Authority
29.4
33.7
28.0
29.4
—
Federal Permitting Improvement Steering
0.0
10.0
9.8
—
—
Council
Federal Trade Commission
220.0
298.0
84.5
158.0
—
General Services Administrationd
-77.2
779.2
-1,153.4
-919.9
—
GSA rescission
—
—
-3,201.0
—
—
Harry S Truman Scholarship Foundation
3.0
3.0
2.5
3.0
—
Merit Systems Protection Board
52.0
61.5
49.3
52.0
—
Udall Foundation
5.7
6.0
5.1
5.7
—
National Archives and Records
490.3
467.6
451.7
510.4
—
Administration
National Credit Union Administration
3.5
4.0
3.5
3.5
—
Office of Government Ethics
24.5
23.0
22.4
23.0
—
Office of Personnel Management
420.1
506.5
371.9
456.1
—
(Discretionary)
Office of Special Counsel
31.9
33.8
31.9
31.9
—
Privacy and Civil Liberties Oversight Board
10.6
14.4
13.7
11.7
—
Public Building Reform Board
4.0
4.0
3.6
4.0
—
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Financial Services and General Government (FSGG) FY2024 Appropriations: Overview

FY2023
FY2024
FY2024
Agency
Enacted
Request
H.R. 4664 S. 2309
Enacted
Public Company Accounting Oversight
(2.0)
(2.0)
(2.0)
(2.0)
—
Board Scholarships
Securities and Exchange Commissionb
(2,209.8)
(2,475.5)
(2,039.3)
(2,403.6)
—
Selective Service System
31.7
31.3
31.3
31.3
—
Small Business Administration (SBA)
2,076.2
1,129.6
966.1
1,219.0
—
U.S. Postal Service (USPS) Fund
50.3
75.5
35.4
50.3
—
USPS Office of Inspector General
271.0
290.6
274.5
271.0
—
U.S. Tax Court
57.3
65.7
46.4
57.3
—
Total: Independent Agencies (Net
4,412.8
4,781.4
-1,342.0
2,711.4
—
Discretionary)
Sources: H.Rept. 118-145 and S.Rept. 118-61 (reflecting both regular and supplemental appropriations in P.L.
117-328).
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 col ections and are thus 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 and the Oversight.gov website
(Inspectors General Council) and in Title VII for the Office of Personnel Management and the Commission on
Federal Naming and Displays.
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 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.
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
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 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.
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.7 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

7 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.
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Financial Services and General Government (FSGG) FY2024 Appropriations: Overview

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).8 In addition, credit unions—another type of depository—which
operate like banks in most ways, are regulated by the National Credit Union Administration
(NCUA).9 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.10
Federal securities regulation is divided between the Securities and Exchange Commission (SEC)
and the CFTC, both of which are funded through appropriations.11 The CFTC funding is a
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,12 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. For example, H.R. 4664 includes language
changing the funding source and the leadership structure for the CFPB.13

8 For more information, see CRS In Focus IF10035, Introduction to Financial Services: Banking, by Raj Gnanarajah.
9 For more information, see CRS In Focus IF11713, Introduction to Financial Services: Credit Unions, by Darryl E.
Getter.
10 For more information, see CRS In Focus IF10043, Introduction to Financial Services: Insurance, by Baird Webel.
11 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.
12 For more information, see CRS In Focus IF11715, Introduction to Financial Services: The Housing Finance System,
by Darryl E. Getter.
13 For more information, see CRS Insight IN12247, Financial Services and General Government (FSGG) FY2024
Appropriations Bill: CFPB’s Funding and Structure Provisions, by Cheryl R. Cooper and David H. Carpenter.
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Financial Services and General Government (FSGG) FY2024 Appropriations: Overview

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.

Author Information

Baird Webel

Acting Section Research Manager

14 The agencies previously under the jurisdiction of the House TTHUD subcommittee that did not become part of the
FSGG Subcommittee were the Department of Transportation, the Department of Housing and Urban Development, 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, Housing and Urban Development, and Related Agencies to FSGG were the Department of Transportation,
the Department of Housing and Urban Development, 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) FY2024 Appropriations: Overview

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.

Congressional Research Service
R47743 · VERSION 2 · UPDATED
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