Committee Releases FY27 Financial Services and General Government Bill

April 16, 2026

Washington, D.C. – Today, the House Appropriations Committee released the Fiscal Year 2027 bill for the Financial Services and General Government Subcommittee. The bill will be considered in subcommittee tomorrow, April 17th at 9:00 a.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, "The American people expect the federal government to operate efficiently and effectively. It is Congress's job to ensure those expectations are met and restore fiscal responsibility across the federal government. This bill builds upon our work in Fiscal Year 2026 to cut government spending, leverage technology, strengthen national security, and crack down on waste, fraud, abuse, and improper payments in the federal government. I want to thank all my colleagues on the committee for their hard work and Chairman Cole for his continued leadership on this issue."

Chairman Tom Cole said, “The FY27 FSGG bill takes a results-driven approach to federal operations – delivering a government that works smarter, faster, and more efficiently. The America First agenda is advanced at every level, with support for consumer freedom, entrepreneurship and small business, and the liberties our citizens hold dear. Economic growth and national security are reinforced by ensuring our financial systems remain strong, resilient, and protected from foreign adversaries. It reflects a recalibration of Washington’s broken status quo, replacing liberal excess of the past with purpose and conservative accountability. Chairman Joyce implemented taxpayer savings while strengthening results for the American people, and that’s the kind of leadership the nation deserves."

Fiscal Year 2027 Financial Services and General Government Appropriations Bill

The Financial Services and General Government (FSGG) Appropriations bill provides a total discretionary allocation of $25.3 billion, representing a savings of approximately $1 billion or 3.8% from the previous fiscal year.

The bill continues to deliver on President Trump’s America First reset by ending divisive, liberal policies and dismantling Biden-era Washington excess. It advances fiscal discipline, reasserts accountability and common sense, and refocuses the federal government on its core mission: serving the American people. The measure upholds the rights of U.S. citizens, strengthens national security, and harnesses technology to drive a government that works smarter, faster, and more efficiently for the nation.

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, 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 investors, consumers, and main street with a strong, nimble, and technology-driven Securities and Exchange Commission.

Protects taxpayers from government overreach and reaffirms core rights by:

Prohibiting the study, design, or development of a U. S. Central Bank Digital Currency – and bars any effort to eliminate paper currency as legal tender – due to concerns it could enable the federal government to track and monitor 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.
Stopping the federal government from gathering and misusing personal ownership details about small businesses.
Protecting small businesses from burdensome and costly credit reporting mandates under the Equal Credit Opportunity Act (ECOA).

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

Codifying President Trump’s executive orders, including:
- EO 14240 titled, “Eliminating Waste and Saving Taxpayer Dollars by Consolidating Procurement.”
- EO 14274 titled, “Restoring Common Sense to Federal Office Space Management.”
- EO 14247 titled, “Modernizing Payments To and From America’s Bank Account.”
- EO 14249 titled, “Protecting America’s Bank Account from Waste, Fraud and Abuse.”
- EO 14208 titled, “Ending Procurement and Forced Use of Paper Straws.”
- EO 14331 titled, “Guaranteeing Fair Banking for All Americans.”
- EO 14333 titled, “Declaring A Crime Emergency in the District of Columbia.”
- EO 14339 titled, “Additional Measures to Address Crime in the District of Columbia.”
- EO 14342 titled, “Taking Steps to End Cashless Bail to Protect Americans.”
- EO 14395 titled, “Establishing the Task Force to Eliminate Fraud Within the Executive Office of the President.”
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 scam-style mandates – including 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 3.8% from the FY26 enacted bill, saving taxpayers a billion dollars.
Shrinking the size of the federal workforce to pre-COVID/Biden levels.
Continuing important oversight of remaining COVID-era programs and funding streams to stop waste, fraud, and abuse of taxpayer dollars.
Taking steps to identify underutilized federal office spaces to lower costs and cut wasteful Washington spending.
Codifying executive orders to help crack down on waste, fraud, abuse, and improper payments in the federal government.

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.
Prioritizing charter schools' funding and merit-based tuition assistance.
Codifying the President’s EO to crack down on crime in D.C. and ensure that the District remains a safe and beautiful attraction for residents, tourists, and workers.

A summary of the bill is available here.
Bill text is available here.

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