Appropriations Subcommittee Approves Fiscal Year 2021 Financial Services and General Government Funding Bill
WASHINGTON — The House Appropriations Subcommittee on Financial Services and General Government today approved by voice vote is fiscal year 2021 bill. 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.
The bill next heads to the full Committee for markup.
“Now more than ever it is important that we provide the federal government with the resources they need to protect our consumers, ensure the integrity of our markets, support small businesses, and ensure equal internet access. This year’s FSGG funding bill takes significant steps to accomplish each of those goals,” said House Appropriations Subcommittee on Financial Services and General Government Chairman Mike Quigley. “From increased funding for the IRS to assist taxpayers and bolster enforcement, to investing in community development—this bill will help stabilize our economy for everyday Americans as we navigate the road to recovery. It also continues investment in election infrastructure and security to help our state and local governments conduct safe and secure elections.”
“This bill is about protecting hardworking families, workers, and small businesses, who are facing serious hardship because of the coronavirus. That’s why, in addition to increased investments in distressed communities and more resources to help small businesses access training and resources needed to succeed, our bill includes strong emergency funding to expand broadband to unserved communities, bringing connectivity across our nation,” said House Appropriations Committee Chairwoman Nita M. Lowey. “The bill also increases funding to improve election security and integrity, because our democracy belongs in the hands of American voters.”