Committee Approves FY26 Financial Services and General Government Appropriations Act

September 3, 2025

Washington, D.C. – Today, the House Appropriations Committee met to consider the Fiscal Year 2026 Financial Services and General Government Appropriations Act. The measure was approved by the Committee with a vote of 35 to 28.

Financial Services and General Government Subcommittee Chairman Dave Joyce (R-OH) said, "The advancement of this bill is a sign that we are one step closer to fiscal discipline and common sense within our own federal government. It caps federal spending to ensure responsible use of taxpayer dollars, modernizes technology infrastructure to increase efficiency and effectiveness, and strengthens national security by preventing bad actors from taking advantage of our financial system. I want to thank Chairman Cole for his leadership throughout this process, and I want to thank my colleagues on the Subcommittee for their hard work on this legislation."

Chairman Tom Cole (R-OK) said, “The FY26 FSGG bill demands fiscal discipline and ends the Biden-era culture of progressive overreach and runaway bureaucracy. It advances President Trump’s agenda by protecting hardworking families and small businesses—defending consumer freedom, strengthening our financial and judicial institutions, and fueling economic growth. The bill also reinforces national security and community safety with investments to prevent crime in the nation’s capital, strengthen foreign business acquisition review, advance cutting-edge cybersecurity and IT modernization, and bolster anti-drug enforcement. By rooting out waste and inefficiency, it ensures every taxpayer dollar is directed toward core federal missions. Under Chairman Joyce’s leadership, this measure shows government can work smarter, act responsibly, and always put the American people first.”

Subcommittee Chairman Joyce's opening remarks are available here.
Chairman Cole's opening remarks are available here.

Fiscal Year 2026 Financial Services and General Government Appropriations Act

The Financial Services and General Government Appropriations Act provides a total discretionary allocation of $23.341 billion, which is approximately $410 million below the Fiscal Year 2025 allocation and a 7.9% cut from the Fiscal Year 2025 enacted discretionary appropriation.

The bill delivers on President Trump’s America First agenda by ending divisive, liberal policies and restoring fiscal discipline and common sense to the federal government. The measure upholds the rights of American citizens, strengthens national security, and harnesses technology to make the federal government work smarter, faster, and more efficiently for the American people.

Key Takeaways

Drives economic growth, supports U.S. financial systems, and invests in technology innovation by:

Strengthening government-wide cybersecurity and information technology (IT) upgrades, modernizing infrastructure at agencies like the Treasury, the Executive Office of the President, and the Judiciary.
Maintaining “Buy American” provisions that maximize the federal government’s use of services, goods, products, and materials produced and offered in the United States.
Protecting consumer freedom in kitchen appliance, other tool, and recreational vehicle products through prohibition of Biden-era regulations.
Ensuring investments made in government and military retirement and savings plans are based on value, not climate activism criteria.
Supporting entrepreneurship and small business development.
Protecting small businesses from burdensome and costly credit reporting mandates under the Equal Credit Opportunity Act (ECOA).
Stopping the federal government from gathering and misusing personal ownership details about small businesses.

Protects taxpayers from government overreach and reaffirms core rights by:

Prohibiting the establishment of a U.S. Central Bank Digital Currency, which could allow the federal government to track, monitor, and record every transaction.
Stopping non-citizen voting in state, local and federal elections.
Continuing to prohibit the IRS from targeting individuals for exercising their First Amendment rights.
Supporting a fair judicial system.
Protecting religious freedom and expression.
Upholding President Trump’s work to restore the First Amendment by opposing efforts to prevent the censorship of lawful speech.

Champions President Trump’s America First agenda and American values by:

Codifying President Trump’s executive orders, including:
- E.O. 14249, titled “Protecting America’s Bank Account from Waste, Fraud and Abuse.”
- E.O. 14240, titled “Eliminating Waste and Saving Taxpayer Dollars by Consolidating Procurement.”
- E.O. 14274, titled “Restoring Common Sense to Federal Office Space Management.”
- E.O. 14247, titled “Modernizing Payments to and From America’s Bank Account.”
Blocking diversity, equity, and inclusion (DEI), critical race theory (CRT), and other divisive programs.
Defunding the disastrous Biden-era climate rule and other green new scams and environment, social, and governance (ESG) initiatives.
Restricting the procurement of electric vehicles for federal government use.
Maintaining critical pro-life riders, including prohibitions on taxpayer funds for abortions.
Prohibiting the Federal Employees Health Benefit Program from covering puberty blockers, hormone therapy, or surgical procedures for gender affirming care.
Codifying the Regulations in Need of Scrutiny (REINS) Act, which curbs unelected bureaucrats from having unfettered regulatory power.
Allowing only the American flag and other official government flags to be flown over federal facilities.

Bolsters U.S. national security and border protections by:

Fully funding the Committee on Foreign Investment in the United States to ensure it has the tools to adequately scrutinize foreign investment by countries like China.
Guaranteeing that no federal funds support laboratories owned by the Chinese Communist Party, including the Wuhan Institute of Virology, or other adversaries.
Maintaining funding for Treasury’s Office of Terrorism and Financial Intelligence to strengthen efforts to prevent and deter terrorists, criminals, and other bad actors from using the financial system.
Equipping Treasury and other agencies with tools to bolster cybersecurity and stop foreign adversaries and criminals from hacking our nation’s critical infrastructure.
Protecting Americans from deadly drugs like fentanyl by investing in the High Intensity Drug Trafficking Area (HIDTA) program to strengthen interdiction efforts and stop narcotics from entering our borders and communities.

Restores fiscal sanity and protects taxpayer dollars by:

Cutting nearly 2% from the FY25 allocation, saving taxpayers hundreds of millions of dollars.
Continuing important oversight of remaining COVID-era programs and funding streams to stop waste, fraud, and abuse of taxpayer dollars.
Codifying executive orders to help crack down on waste, fraud, and abuse and stop improper payments in the federal government.
Taking steps to identify underutilized federal office spaces to lower costs and cut wasteful Washington spending.

Enforces constitutional oversight of the District of Columbia by:

Maintaining pro-life safeguards on the use of government funds.
Retaining the conscience clause on any D.C. contraceptive requirement.
Banning D.C.’s harmful and addiction-enabling needle exchange program.
Repealing D.C.’s assisted suicide legalization law.
Recognizing valid concealed carry licenses from other states in the District of Columbia and the Washington Metropolitan Area.

A summary of the bill is available here.

During the markup, Committee Republicans also stood with the America First agenda and rejected Democrat amendments that would have:

Grown the federal bureaucracy with increased spending on a brand-new government office.
Increased taxpayer dollar spending.
Undercut law enforcement and National Guard efforts to protect neighborhoods and families.
Enabled hostile federal unions to obstruct agency management directly tied to national security.
Targeted DOGE and its mandated work to streamline government.
Undermined the authority of the President of the United States.
Permitted taxpayer dollars to be used for abortion.
Allowed the IRS unilateral authority to design and control a tax filing program without congressional approval.
Prevented agencies from managing their workforce

Adopted Amendments

Joyce #1 (Manager’s Amendment) – Makes technical, bipartisan changes to the bill and report.
- The amendment was adopted by voice vote.
Joyce #2 (Republican En Bloc) – Makes technical changes, enhances safeguards against CCP influence, and codifies several important executive orders.
- The amendment was adopted by a vote of 32 to 28.
Aguilar #1 – DACA employment eligibility.
- The amendment was adopted by a vote of 30 to 29.

Bill text, before adoption of amendments, is available here.
Bill report, before adoption of amendments, is available here.