Financial Services
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WASHINGTON — The House Appropriations Committee today released the draft fiscal year 2020 Financial Services and General Government funding bill, which will be considered in subcommittee on Monday, June 3. The legislation provides annual funding for the Department of the Treasury, the Judiciary, the Executive Office of the President, and other independent agencies, including the Small Business Administration.
I am saddened to have to rise in opposition to this legislation today. As a long-time appropriator, I remember the days when we were always able to come together to determine the funding levels for our government in a bipartisan manner and with little partisan warfare. Unfortunately, this bill is not a product of those times.
I'd like to thank Chairman Crenshaw and Ranking Member Serrano for their work on this bill, and the bipartisan spirit in which they work.
Unfortunately, however, low allocations and policy riders in this bill fail to prioritize the middle class, create jobs, and provide opportunity for every citizen to succeed. Meanwhile this bill cuts already-reduced funding levels for regulatory agencies that protect the public and crack down on special interests who abuse the system.