Appropriations Subcommittee Approves Fiscal Year 2020 Financial Services and General Government Funding Bill

WASHINGTON — The House Appropriations Subcommittee on Financial Services and General Government today approved by voice vote its fiscal year 2020 bill. In total, the bill includes $24.55 billion in discretionary funding, an increase of $1.4 billion over the 2019 enacted level and $355.5 million over the President’s 2020 budget request. The bill next heads to the full Committee for markup.

“Americans deserve a government that will invest in the long-term protection of consumers and investors, strengthen our national security, and promote entrepreneurship here at home. This year’s FSGG funding bill takes significant steps to accomplish each of those goals,” said House Appropriations Subcommittee on Financial Services and General Government Chairman Mike Quigley. “From increased funding for the IRS to assist taxpayers and bolster enforcement, to supporting the SBA to help small businesses develop and expand throughout the country—this bill will make our economy stronger for everyday Americans. As a critical component of our national security, this bill also helps to fortify our election infrastructure against foreign interference by providing states with funding to replace outdated voting machines and enhance their cybersecurity defenses.”

“House Democrats are fighting to ensure that America is safe, strong, and moving forward. With investments in our financial regulators, elections, and small businesses, we can help improve the financial security of every family,” said House Appropriations Committee Chairwoman Nita Lowey. “This bill would invest in a future that supports the security of our data and our elections and sets our communities up for success.”

A summary of the bill is here. The text of the bill is here.

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