Today, the House Appropriations Financial Services and General Government Subcommittee convened to deliberate on its Fiscal Year 2026 bill. The subcommittee approved the measure.
Dave Joyce, Chairman of the Financial Services and General Government Subcommittee, explained the scope of the bill. "As you all know, the Financial Services and General Government, or FSGG, bill covers a broad swath of the federal government – including the Department of the Treasury, the Executive Office of the President, the Federal Judiciary, and more than 20 independent commissions, departments, and agencies," he stated. The funding level for Fiscal Year 2026 is set at $23.341 billion, which is $410 million less than that of Fiscal Year 2025. This figure also accounts for disaster funding allocated to the Small Business Administration. Joyce emphasized three priorities in drafting this bill: fiscal responsibility, new technology leverage, and national security strengthening. He noted these are bipartisan priorities that should garner support.
Chairman Tom Cole also highlighted key aspects of the legislation. "This legislation provides important resources for agencies and offices that impact every American, our economy, and the branches of the United States government," Cole remarked. He added that taxpayers expect legislation that addresses critical needs responsibly while eliminating waste systematically. According to him, this measure exemplifies such an approach by showing progress in reducing federal spending.
Full remarks from both chairmen are available for review online.
