Financial Services and General Government

Thank you, Mr. Chairman, and thank you to the distinguished acting Ranking Member, and I too, send my prayers to the family of Jim McGovern for the hardship that the family is facing right now. It's an honor to be before you today as we tee up the Financial Services and General Government Subcommittee appropriations bill. I also want to thank my good friend and Ranking Member, Steny Hoyer. He is a dear friend, and I say that with all sincerity.

Madam Speaker, I rise today in support of H.R. 5860, a bill that keeps the government open until November 17^th.

While I would rather be here speaking on the floor about final appropriations bills, I want members to understand why passing this short-term funding bill today is so important.

First, I want to explain how we find ourselves in this situation.

Just nine months ago, when Republicans took back the Majority in the House, our commitment was to Regular Order for appropriations.

It is an honor to serve as Chairman of the Financial Services and General Government Subcommittee of the House Appropriations Committee. I want to thank my friend—Chairwoman Kay Granger—for giving me this opportunity. Thank you, also, to Ranking Member DeLauro for her commitment to the work of this committee. And to my Ranking Member, Steny Hoyer, thank you for your leadership and friendship through the years. It's a real privilege to work with you.

First, I want to thank Chairman Womack for his work on the Fiscal Year 2024 Financial Services bill.

As I have said before, to fully fund our national defense, veterans, and border security, other unnecessary spending must be reduced.

This bill rejects significant increases in the President's Budget Request, and instead saves billions of dollars by reclaiming unspent funds from the Inflation Reduction Act and preventing the I.R.S. from hiring tens of thousands of new agents.