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First, I want to thank Chairman Cole for his work on the Transportation, Housing and Urban Development bill.
This bill is another example of the real progress we are making to reduce overall spending while funding our highest priorities.
The bill before us today refocuses spending on programs that support affordable housing and safe, effective transportation systems.
Instead of giving the Administration more grant funding to spend, this bill gets us back to funding core missions.
This bill responsibly funds critical transportation infrastructure to ensure our roads, railways, and air traffic control systems are safe and reliable.
The housing programs in this bill provide support for working families, the elderly, the disabled, and our veterans.
I want to close by thanking the Members and staff on both sides of the aisle for their hard work.
WASHINGTON – Today, the Full Committee met to consider the Fiscal Year 2024 bill for the Transportation, Housing and Urban Development, and Related Agencies Subcommittee. The measure was approved by the Committee with a vote of 34 to 27.
Thank you, Chairwoman Granger.
The bill before the Committee responsibly funds our most critical transportation and housing needs, which will have a positive impact in every Congressional district.
At the same time, the bill meets the challenge before us to reduce spending and get our debt under control.
The bill reduces spending 25% below Fiscal Year 2023 levels, with a CBO score of $65 billion. We achieve these savings through a rescission of IRS funds and by reducing billions in excessive spending.
We have cut or eliminated 19 grant programs at DOT and HUD, totaling over $8 billion in savings, compared to the enacted level.
The total program level in this bill is $90 billion. We have carefully allocated resources to the most critical missions at DOT and HUD.
We prioritize transportation safety – on our railways, roads and airways.
Good morning ladies and gentlemen, and welcome to the Subcommittee on Labor, Health and Human Services, Education, and Related Agencies. This morning we will consider a bill funding these agencies for Fiscal Year 2024. I am pleased to chair this Subcommittee and provide support for important programs that touch the lives of every American.
I don't pretend this is a perfect bill, no bill in Congress is ever a perfect bill.
But we live in difficult times, our nation remains mired in high inflation, which has only been worsened by the massive infusion of government spending, both during and immediately after the COVID pandemic.
