Joyce Remarks at FY27 Financial Services and General Government Bill Full Committee Markup (As Prepared For Delivery)

April 21, 2026
Remarks

I am pleased to present the Fiscal Year 2027 Financial Services and General Government Appropriations bill to the full Committee for consideration and approval.  I would like to thank Chairman Cole and Ranking Member DeLauro. And of course, I would like to thank Ranking Member Hoyer. As I have said and will continue to say until he retires, I value his insights on and off this Subcommittee. Mr. Chairman, I’m proud of the bill we are marking up today. 

This bill builds on the bipartisan work we did in the fiscal year 2026 bill, which was enacted into law. As you all know, the Financial Services and General Government, or FSGG, bill funds a large part of the federal government – including the Department of the Treasury, the Executive Office of the President, the Federal Judiciary, the District of Columbia, and more than 20 independent Commissions, Departments, and Agencies. 

The FSGG bill also directs a broad swath of government operations through its general provisions or GPs. The FSGG top line allocation for fiscal year 2027 is $25.4 billion – this includes $143 million in new disaster funding we provide to the Small Business Administration. Without the disaster money, this bill cuts a little over a billion dollars from the 2026 enacted bill. 

This bill is also consistent with the President’s fiscal year 2027 budget request for FSGG, which proposes more than $26 billion in new budget authority spending when all of the budget cancellations, rescissions, and user fees are removed.

Last year, I focused on three priorities in drafting our bill and report:

  • Ensuring fiscal responsibility.
    • Leveraging new technology.
    • Strengthening national security.

This year, I emphasize a fourth priority – eliminating waste, fraud, abuse, and other improper payments in both the federal and state governments. These are priorities on which all members on both sides of the aisle should agree and support.

Briefly, I’ll describe the bill title by title.

Title I funds the Department of the Treasury at $12 billion –a $1.1 billion or 8.3 percent cut from fiscal year 2026 enacted levels.

Within the Department of the Treasury, the bill:

  • Cuts the Salaries and Expenses Account by 16 percent.
  • Funds the Committee on Foreign Investment in the United States at $22 million, an increase of one million.
  • Holds the Office of Terrorism and Financial Intelligence constant at $238 million.
  • Holds FinCEN constant at $185 million
  • Cuts the Community Development Financial Institutions Fund to $276.6 million.
  • Cuts the IRS by 8.5 percent from fiscal year 2026 enacted levels to $10.2 billion.

Title II funds the Executive Office of the President, or EOP, at $872 million, which is consistent with FY 26 enacted levels. 

Within the EOP, the bill:

  • Holds the Office of Management and Budget (OMB) constant at $129 million.
  •  Holds the Information Technology Oversight and Reform account (ITOR constant to $8 million.
  •  Increases the High Intensity Drug Trafficking Area (HIDTA) program within the Office of National Drug Control Policy to nearly $300 million and the “other federal drug control programs” account to $142 million, including an increase in anti-doping efforts to help support the 28 Olympic Games in Los Angeles.

Title III of the bill funds the Federal Judiciary. Like the legislative and executive branches of government, we need to ensure the effective operations for our third branch of government, including physical and cybersecurity protections. 

This includes funding for the Supreme Court Justices, judges, and the people that work in our federal court system.  The bill fully funds court security at $921 million and the federal defender program to ensure our justice system works effectively and efficiently. The bill cuts the Administrative Office of the U.S. Courts and the Federal Judicial Center.

Title IV of the bill cuts federal payments to the District of Columbia by almost 10 percent to $792 million from fiscal year 2026 enacted levels. This includes a 50 percent cut to the Tuition Assistance Grant program and a more than 40 percent cut to the Emergency Planning and Security Costs account.

Title V funds our independent agencies. 

This includes the SEC, FTC, FCC, GSA, USPS, SBA, and our smaller agencies. Total funding for Title V is approximately $2.2 billion, which is a 23 percent cut from fiscal year 2026 enacted.

Specifically, the bill includes:

  • $2.0 billion for the SEC, a cut of 5.7 percent;
  • Level funding for the FTC at $383 million;
  • $971 million for SBA, a cut of 22 percent, which also includes $143 million of new disaster funding; and
  • $390 million for the FCC, a cut of 6.2 percent.

Relatedly, I would like to highlight a provision in the en bloc that I will be offering later today prohibiting any reconfiguration or repurposing of the Lower 900 mega-hertz band as well as the existing report language directing the FCC to brief the Committee on any future proposal. 

I know many of us have had and continue to have concerns about the petition filed at the FCC by NextNav and the impact that this proposal could have on RFID devices, critical infrastructure, electronic highway tolling systems, aviation, retail, and manufacturing.

This language demonstrates we will be watching the FCC closely.

Finally, this bill continues the important policies that apply across the federal government and the District of Columbia in Titles VI (six), VII (seven), and VIII (eight).

Most of these provisions are legacy riders, which have been around for years if not decades. These provisions:

  • Reaffirm important pro-life protections
    • Defund the disastrous Climate rule
    • Stop the Biden-era divisive social policies
    • Prohibit mask and vaccine mandates
    • Protect traditional marriage
    • Codify the REINS Act and other critical Executive Orders, such as:
      • “Eliminating Waste and Saving Taxpayer Dollars by Consolidating Procurement”
      • “Restoring Common Sense to Federal Office Space Management”
      • “Modernizing Payments to and From America’s Bank Account,”
      • “Protecting America’s Bank Account from Waste, Fraud and Abuse,” and
      • Establishing the Task Force to Eliminate Fraud Within the Executive Office of the President.”

As I said at the beginning, I am proud of the work the FSGG subcommittee has accomplished to date. I’ll close by encouraging my colleagues on both sides of the aisle to support this important bill and I yield back.

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