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Appropriations Committee Approves Fiscal Year 2021 Financial Services and General Government Funding Bill

WASHINGTON — The House Appropriations Committee today approved the fiscal year 2021 Financial Services and General Government bill on a vote of 30 to 22. 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. 

For fiscal year 2021, the draft bill includes $24.64 billion in discretionary funding, an increase of $808 million over the 2020 enacted level. In addition, to respond to the coronavirus pandemic and the ensuing economic recession, the bill provides $61 billion for broadband infrastructure and $6 billion for the modernization of Federal buildings.

“I am pleased this year’s FSGG funding bill provides the government with resources to protect our consumers, ensure the integrity of our markets, support small businesses, provide equal access to internet and so much more,” said House Appropriations Subcommittee on Financial Services and General Government Chairman Mike Quigley. “During these uncertain times it is important we do everything we can to provide Americans stability and ensure resources are available.”

“The Financial Services and General Government bill directly impacts hardworking families, workers, and small businesses, many of whom were already struggling before the pandemic and are now facing serious hardship,” said House Appropriations Committee Chairwoman Nita M. Lowey. “The Fiscal Year 2021 Financial Services bill would increase investments in distressed communities, enhance taxpayer services, and provide more resources to help small businesses weather the storm and succeed, including more than $37 billion in lending authority, plus funding increases for Entrepreneurial Development Programs such as Women’s Business Centers.”

The following amendment to the bill was adopted by the full Committee:

Rep. Quigley – The manager’s amendment makes technical and noncontroversial changes to the bill and report. The amendment was adopted by voice vote.

A summary of the bill is here. The text of the bill, prior to adoption of amendments in full committee, is here. The bill report is here.

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