Committee Releases FY26 Financial Services and General Government Bill

July 20, 2025

Washington, D.C. – Today, the House Appropriations Committee released the Fiscal Year 2026 bill for the Financial Services and General Government Subcommittee. The bill will be considered in subcommittee tomorrow, July 21st at 5:30 p.m. The markup will be live-streamed and can be found on the Committee’s website.

Financial Services and General Government Subcommittee Chairman Dave Joyce said, "Reining in wasteful spending remains a top issue for Americans, and it is important our government share these values and take steps that reflect them. This bill restores fiscal responsibility, strengthens judicial security, protects our financial markets and systems, enhances national security, and leverages new technology to make our government more efficient. Thank you to Chairman Cole and my colleagues on the subcommittee for their hard work on this piece of legislation."

Chairman Tom Cole said, "The FY26 FSGG bill safeguards taxpayer dollars and reverses the Biden-era trend of bureaucratic overreach. It supports hardworking Americans and small businesses by protecting consumer freedom, upholding our financial and judicial systems, and driving economic growth. The bill also enhances national security through key investments in the Committee on Foreign Investments in the United States, cybersecurity, and anti-drug efforts. By cutting waste and inefficiency, it prioritizes essential federal missions and delivers long-term savings. Under Chairman Joyce’s leadership, the bill ensures government works smarter, more effectively, and always puts the American people first."

Fiscal Year 2026 Financial Services and General Government Appropriations Bill

The Financial Services and General Government Appropriations Bill 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.
Bill text is available here.

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