{ "id": "R44933", "type": "CRS Report", "typeId": "REPORTS", "number": "R44933", "active": true, "source": "EveryCRSReport.com", "versions": [ { "source": "EveryCRSReport.com", "id": 585037, "date": "2018-04-23", "retrieved": "2018-09-12T23:03:52.721094", "title": "Financial Services and General Government (FSGG) FY2018 Appropriations: Overview", "summary": "The Financial Services and General Government (FSGG) appropriations bill includes funding for the Department of the Treasury, the Executive Office of the President (EOP), the judiciary, the District 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 funded through the Agriculture appropriations bill in the House and the FSGG bill in the Senate. \nPresident Trump submitted his FY2018 budget request on May 23, 2017. The request included a total of $45.2 billion for agencies funded through the FSGG appropriations bill, including $250 million for the CFTC. \nThe House Committee on Appropriations reported a Financial Services and General Government Appropriations Act, 2018 (H.R. 3280, H.Rept. 115-234) on July 17, 2017. Total FY2018 funding in the reported bill would have been $42.5 billion, with another $248 million for the CFTC included in the Agriculture appropriations bill (H.R. 3268, H.Rept. 115-232). The combined total of $42.7 billion would have been about $2.5 billion below the President\u2019s FY2018 request, with the largest difference in the funding for the General Services Administration (GSA). \nNearly all of H.R. 3280\u2019s text was included as Division D of H.R. 3354, an omnibus appropriations bill, when it was considered by the House of Representatives beginning on September 6, 2017. The bill was amended numerous times, shifting funding among FSGG agencies but not changing the FSGG totals. H.R. 3354 passed on September 14, 2017.\nThe full Senate Committee on Appropriations did not act on an FY2018 FSGG appropriations bill. A draft FY2018 chairmen\u2019s recommended FSGG bill along with an explanatory statement was released on November 20, 2017. Funding in the draft bill would have totaled $43.3 billion, about $1.9 billion below the President\u2019s FY2018 request, with most of this difference in funding for the GSA.\nNo appropriations bills were passed prior to the start of FY2018. Five separate continuing resolutions (CR) were enacted\u2014on September 8, 2017 (P.L. 115-56), December 8, 2017 (P.L. 115-90), December 22, 2017 (P.L. 115-96), January 22, 2018 (P.L. 115-120), and February 8, 2018 (P.L. 115-123). The CRs generally maintained FSGG funding based on FY2017 levels, with P.L. 115-123 also adding supplemental emergency funding for the GSA ($127 million) and the Small Business Administration (SBA; $1.66 billion) largely to address natural disasters.\nThe Consolidated Appropriations Act, 2018 (H.R. 1625, P.L. 115-141) was enacted on March 23, 2018. FSGG appropriations were included as Division E, with the CFTC funded in the Agriculture appropriations in Division A. FY2018 enacted appropriations in P.L. 115-141 and P.L. 115-123 combined totaled $47.7 billion for the FSGG agencies, $2.5 billion above the original request with much of this difference resulting from the emergency funding for the SBA.\nAlthough 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, as was the case with H.R. 3280 and H.R. 3354, which contained several provisions in Title IX and Title X that also appear in H.R. 10, a broad financial regulatory bill passed by the House on June 8, 2017. Although most of these provisions were not ultimately attached, P.L. 115-141 included the texts of H.R. 4267 and H.R. 4792, both of which addressed small business access to capital.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/R44933", "sha1": "644b76142df61215ec97b49bf924923b462b6e9f", "filename": "files/20180423_R44933_644b76142df61215ec97b49bf924923b462b6e9f.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/R44933", "sha1": "5b2bde2e13a2eead4e9efecbdddefdf395235c29", "filename": "files/20180423_R44933_5b2bde2e13a2eead4e9efecbdddefdf395235c29.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4895, "name": "Financial Services & General Government Appropriations" } ] }, { "source": "EveryCRSReport.com", "id": 579000, "date": "2018-03-07", "retrieved": "2018-03-12T03:35:31.572174", "title": "Financial Services and General Government (FSGG) FY2018 Appropriations: Overview", "summary": "The Financial Services and General Government (FSGG) appropriations bill includes funding for the Department of the Treasury, the Executive Office of the President (EOP), the judiciary, the District 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 funded through the Agriculture appropriations bill in the House and the FSGG bill in the Senate. This structure has existed since the 2007 reorganization of the House and Senate Committees on Appropriations.\nPresident Trump submitted his FY2018 budget request on May 23, 2017. The request included a total of $45.2 billion for agencies funded through the FSGG appropriations bill, including $250 million for the CFTC. \nThe House Committee on Appropriations reported a Financial Services and General Government Appropriations Act, 2018 (H.R. 3280, H.Rept. 115-234) on July 17, 2017. Total FY2018 funding in the reported bill would be $42.5 billion, with another $248 million for the CFTC included in the Agriculture appropriations bill (H.R. 3268, H.Rept. 115-232). The combined total of $42.7 billion would be about $2.5 billion below the President\u2019s FY2018 request, with the largest difference in the funding for the General Services Administration (GSA). \nThe text of nearly all of H.R. 3280 was included as Division D of H.R. 3354, an omnibus appropriations bill, when it was considered by the House of Representatives beginning on September 6, 2017. The bill was amended numerous times, shifting funding among FSGG agencies but not changing the FSGG totals. H.R. 3354 passed on September 14, 2017.\nThe full Senate Committee on Appropriations has not acted on an FY2018 FSGG appropriations bill. A draft FY2018 chairmen\u2019s recommended FSGG bill along with an explanatory statement was released on November 20, 2017. Funding in the draft bill would total $43.3 billion, about $1.9 billion below the President\u2019s FY2018 request, with most of this difference in funding for the GSA.\nWith the end of FY2017 approaching and no FY2018 appropriations bills enacted, a continuing resolution (CR) was enacted on September 8, 2017, to provide funding for most of the government until December 8, 2017 (P.L. 115-56). The CR provided funding for most FSGG agencies at the FY2017 funding rate subject to an across-the-board decrease of 0.6791% (pursuant to Section 101(b) of Division D). Additional CRs have provided funding through December 22, 2017 (P.L. 115-90), January 19, 2018 (P.L. 115-96), February 8, 2018 (P.L. 115-120), and March 23, 2018 (P.L. 115-123). These CRs generally maintained FSGG funding based on FY2017 levels, with P.L. 115-123 also adding supplemental funding for the GSA and the Small Business Administration.\nAlthough 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, as is the case with H.R. 3280 and H.R. 3354, which contain several provisions in Title IX and Title X that also appear in H.R. 10, a broad financial regulatory bill passed by the House on June 8, 2017. The Senate draft bill includes fewer legislative provisions, notably one to bring the Consumer Financial Protection Bureau\u2019s funding under the appropriations process.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/R44933", "sha1": "df1aa005841b390d113c09ab562e2b97198a27e6", "filename": "files/20180307_R44933_df1aa005841b390d113c09ab562e2b97198a27e6.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/R44933", "sha1": "42dd320522f8871c1d0e2b7c9012fe2b1fc2e9b2", "filename": "files/20180307_R44933_42dd320522f8871c1d0e2b7c9012fe2b1fc2e9b2.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4895, "name": "Financial Services & General Government Appropriations" } ] }, { "source": "EveryCRSReport.com", "id": 463781, "date": "2017-09-01", "retrieved": "2017-10-02T22:33:33.169433", "title": "Financial Services and General Government (FSGG) FY2018 Appropriations: Overview", "summary": "The Financial Services and General Government (FSGG) appropriations bill includes funding for the Department of the Treasury, the Executive Office of the President (EOP), the judiciary, the District 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 funded through the Agriculture appropriations bill in the House and the FSGG bill in the Senate. This structure has existed since the 2007 reorganization of the House and Senate Committees on Appropriations.\nPresident Trump submitted his FY2018 budget request on May 23, 2017. The request included a total of $45.2 billion for agencies funded through the FSGG appropriations bill, including $250 million for the CFTC.\nThe House Committee on Appropriations reported a Financial Services and General Government Appropriations Act, 2018 (H.R. 3280, H.Rept. 115-234) on July 17, 2017. Total FY2018 funding in the reported bill would be $42.5 billion, with another $248 million for the CFTC included in the Agriculture appropriations bill (H.R. 3268, H.Rept. 115-232). The combined total of $42.7 billion would be about $2.5 billion below the President\u2019s FY2018 request, with most of this difference in the funding for the General Services Administration (GSA). \nThe House Committee on Rules announced a September 5, 2017, meeting to consider a rule on H.R. 3354, which was reported from the Appropriations Committee as the Interior appropriations bill. Under the Rules Committee announcement, H.R. 3354 would be considered on the House floor including nearly all of the text of H.R. 3280 as Division D of H.R. 3354.\nThe Senate Committee on Appropriations has held FSGG subcommittee hearings, but has yet to release an FSGG bill for FY2018.\nAlthough 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 as is the case with H.R. 3280, which contains several provisions in Title IX and Title X that also appear in H.R. 10, a broad financial regulatory bill passed by the House on June 8, 2017.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/R44933", "sha1": "e187cb4f64bf28b2c66ad247b6a8c38604346420", "filename": "files/20170901_R44933_e187cb4f64bf28b2c66ad247b6a8c38604346420.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/R44933", "sha1": "955d403119acb3ab4b3d593d93dcd8538f58fce5", "filename": "files/20170901_R44933_955d403119acb3ab4b3d593d93dcd8538f58fce5.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4895, "name": "Financial Services & General Government Appropriations" } ] } ], "topics": [ "Appropriations", "Economic Policy" ] }