I am pleased to present the Fiscal Year 2027 Financial Services and General Government Appropriations bill to the full Committee for consideration and approval. I would like to thank Chairman Cole and Ranking Member DeLauro. And of course, I would like to thank Ranking Member Hoyer. As I have said and will continue to say until he retires, I value his insights on and off this Subcommittee. Mr. Chairman, I’m proud of the bill we are marking up today.
This bill builds on the bipartisan work we did in the fiscal year 2026 bill, which was enacted into law. As you all know, the Financial Services and General Government, or FSGG, bill funds a large part of the federal government – including the Department of the Treasury, the Executive Office of the President, the Federal Judiciary, the District of Columbia, and more than 20 independent Commissions, Departments, and Agencies.
The FSGG bill also directs a broad swath of government operations through its general provisions or GPs. The FSGG top line allocation for fiscal year 2027 is $25.4 billion – this includes $143 million in new disaster funding we provide to the Small Business Administration. Without the disaster money, this bill cuts a little over a billion dollars from the 2026 enacted bill.
This bill is also consistent with the President’s fiscal year 2027 budget request for FSGG, which proposes more than $26 billion in new budget authority spending when all of the budget cancellations, rescissions, and user fees are removed.
Last year, I focused on three priorities in drafting our bill and report:
This year, I emphasize a fourth priority – eliminating waste, fraud, abuse, and other improper payments in both the federal and state governments. These are priorities on which all members on both sides of the aisle should agree and support.
Briefly, I’ll describe the bill title by title.
Title I funds the Department of the Treasury at $12 billion –a $1.1 billion or 8.3 percent cut from fiscal year 2026 enacted levels.
Within the Department of the Treasury, the bill:
Title II funds the Executive Office of the President, or EOP, at $872 million, which is consistent with FY 26 enacted levels.
Within the EOP, the bill:
Title III of the bill funds the Federal Judiciary. Like the legislative and executive branches of government, we need to ensure the effective operations for our third branch of government, including physical and cybersecurity protections.
This includes funding for the Supreme Court Justices, judges, and the people that work in our federal court system. The bill fully funds court security at $921 million and the federal defender program to ensure our justice system works effectively and efficiently. The bill cuts the Administrative Office of the U.S. Courts and the Federal Judicial Center.
Title IV of the bill cuts federal payments to the District of Columbia by almost 10 percent to $792 million from fiscal year 2026 enacted levels. This includes a 50 percent cut to the Tuition Assistance Grant program and a more than 40 percent cut to the Emergency Planning and Security Costs account.
Title V funds our independent agencies.
This includes the SEC, FTC, FCC, GSA, USPS, SBA, and our smaller agencies. Total funding for Title V is approximately $2.2 billion, which is a 23 percent cut from fiscal year 2026 enacted.
Specifically, the bill includes:
Relatedly, I would like to highlight a provision in the en bloc that I will be offering later today prohibiting any reconfiguration or repurposing of the Lower 900 mega-hertz band as well as the existing report language directing the FCC to brief the Committee on any future proposal.
I know many of us have had and continue to have concerns about the petition filed at the FCC by NextNav and the impact that this proposal could have on RFID devices, critical infrastructure, electronic highway tolling systems, aviation, retail, and manufacturing.
This language demonstrates we will be watching the FCC closely.
Finally, this bill continues the important policies that apply across the federal government and the District of Columbia in Titles VI (six), VII (seven), and VIII (eight).
Most of these provisions are legacy riders, which have been around for years if not decades. These provisions:
As I said at the beginning, I am proud of the work the FSGG subcommittee has accomplished to date. I’ll close by encouraging my colleagues on both sides of the aisle to support this important bill and I yield back.
