News

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.

In total, the draft 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. In addition, the bill includes $400 million under a discretionary program integrity cap adjustment for the Internal Revenue Service (IRS) to fund new and continuing investments to expand and improve the effectiveness of the IRS's overall tax enforcement program.