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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.
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.
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.
The Subcommittee on Commerce, Justice, Science, and Related Agencies will come to order.
Today, the Subcommittee will mark up the Fiscal Year 2024 Commerce, Justice, Science, and Related Agencies appropriations bill.
The fiscal situation facing the Nation requires some very significant and difficult spending reductions. The need for reductions was reflected in the Budget Resolution that passed the House, and in the 302b allocation we were given.
