Chair DeLauro Statement at Subcommittee Markup of Fiscal Year 2023 Financial Services and General Government Funding Bill

2022-06-16 10:46

Congresswoman Rosa DeLauro (CT-03), Chair of the House Appropriations Committee, delivered the following remarks at the Financial Services and General Government Appropriations Subcommittee's markup of its fiscal year 2023 bill:

Thank you, Chairman Quigley and Ranking Member Womack, for your work on this bill and for your commitment to the initiatives within it. I also want to say a thank you to the subcommittee staff for their hard work.

The federal investments in the Financial Services and General Government bill are varied and their impact is vast, including some of the programs most important to working and middle-class families.

With passage of the 2022 government funding package, we showed just how government can work for working people after decades of underinvestment. People are dealing with unimaginable inflation and rising costs of living. This bill is a lifeline.

The bill before us supports small businesses and entrepreneurs with $1.1 billion for the Small Business Administration (SBA). We are investing in the programs that will help historically underserved entrepreneurs and small businesses access capital and contracting opportunities. The bill provides increased funding for Community Development Financial Institutions, which will promote economic growth in some of our most distressed communities.

The bill also supports small business owners and protects consumers with strong funding for the Consumer Product Safety Commission. At the same time, increased funding for the Federal Trade Commission will protect Americans from the predatory practices of certain big corporations.

Supporting working families must include the continued rebuilding of the Internal Revenue Service (IRS). With help from the funding in the 2022 omnibus, IRS staff distributed more than 200 million monthly Child Tax Credit payments last year – totaling more than $93 billion – to children and their families. By increasing resources for the IRS to $13.6 billion, an increase of $1 billion, we are helping the agency improve their support of those navigating the tax system and we are working to finally crack down on big corporations and the wealthy who are not paying their fair share of taxes.

With growing threats to our democracy both from home and abroad, the need to protect our democracy and secure our elections is more important than ever. This bill ensures the integrity and safety of our elections through Election Security Grants for states.

To protect our communities and victims all over our nation, this bill takes a firm stance against crime and corruption. We will protect our communities from the impacts of drug trafficking, combat money laundering and terrorist financing, and promote justice for victims of civil rights cold cases.

Finally, as we combat the climate crisis from all fronts, this bill would start the transition of the Federal vehicle fleet to electric and zero emission vehicles.

I am very proud of this bill and the investments it makes in the programs that matter the most to working people. I look forward to continuing to work with my colleagues on the bill and I urge its support.

117th Congress