{ "id": "R44299", "type": "CRS Report", "typeId": "REPORTS", "number": "R44299", "active": true, "source": "EveryCRSReport.com", "versions": [ { "source": "EveryCRSReport.com", "id": 587637, "date": "2016-07-05", "retrieved": "2020-01-02T15:39:23.102932", "title": "Financial Services and General Government (FSGG) FY2016 Appropriations: Independent Agencies and General Provisions", "summary": "The Financial Services and General Government (FSGG) appropriations bill funds more than two dozen independent agencies performing a wide range of functions, such as managing federal real property, regulating financial institutions, and delivering mail. These agencies include\nCommodity Futures Trading Commission (CFTC),\nConsumer Product Safety Commission (CPSC),\nElection Assistance Commission (EAC),\nFederal Communications Commission (FCC),\nFederal Election Commission (FEC),\nFederal Labor Relations Authority (FLRA),\nFederal Trade Commission (FTC),\nGeneral Services Administration (GSA),\nMerit Systems Protection Board (MSPB),\nNational Archives and Records Administration (NARA),\nOffice of Personnel Management (OPM),\nPrivacy and Civil Liberties Oversight Board (PCLOB),\nSecurities and Exchange Commission (SEC),\nSmall Business Administration (SBA), and\nUnited States Postal Service (USPS).\nOn February 2, 2015, President Obama submitted his FY2016 budget request. The request included a total of $3.60 billion for independent agencies funded through the FSGG appropriations bill, including $322 million for the CFTC.\nOn July 9, 2015, the House Committee on Appropriations reported the Financial Services and General Government Appropriations Act, 2016 (H.R. 2995, H.Rept. 114-194). Total FY2016 independent agency funding in the reported bill was to be $1.19 billion, with another $245 million for the CFTC included in the Agriculture appropriations bill (H.R. 3049, H.Rept. 114-205), which was reported on July 14, 2015. The combined total for these agencies was to be $1.43 billion.\nOn July 30, 2015, the Senate Committee on Appropriations reported the Financial Services and General Government Act, 2016 (S. 1910, S.Rept. 114-97). S. 1910 would have appropriated $1.35 billion for independent agencies for FY2016.\nThe Consolidated Appropriations Act, 2016 (P.L. 114-113/H.R. 2029) was passed by the House and Senate and signed by the President on December 18, 2015. The FSGG appropriations bill was included as Division E, whereas the CFTC was funded with the Agriculture appropriations in Division A. The total provided for FSGG independent agencies for FY2016, including the CFTC, was $3.3 billion, about $0.3 billion below the President\u2019s request.\nAlthough financial services are a major focus of the FSGG appropriations bills, these bills do not include funding for many financial regulatory agencies. Both H.R. 2995 and S. 1910 included language that would have altered the appropriations status of the Consumer Financial Protection Bureau (CFPB), changing its primary funding source to the FSGG bill instead of unappropriated funds from the Federal Reserve. P.L. 114-113 did not change the funding structure of the CFPB.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "https://www.crs.gov/Reports/R44299", "sha1": "b634da24d876529fcf8e00ed10ec3b35fd1ecd64", "filename": "files/20160705_R44299_b634da24d876529fcf8e00ed10ec3b35fd1ecd64.html", "images": {} }, { "format": "PDF", "encoding": null, "url": "https://www.crs.gov/Reports/pdf/R44299", "sha1": "3433402f5ea43ddd2f55af1cee0a9b75b9b32fc5", "filename": "files/20160705_R44299_3433402f5ea43ddd2f55af1cee0a9b75b9b32fc5.pdf", "images": {} } ], "topics": [ { "source": "IBCList", "id": 4895, "name": "Financial Services & General Government Appropriations" } ] }, { "source": "EveryCRSReport.com", "id": 447806, "date": "2015-12-07", "retrieved": "2016-04-06T17:47:03.100143", "title": "Financial Services and General Government (FSGG) FY2016 Appropriations: Independent Agencies and General Provisions", "summary": "The Financial Services and General Government (FSGG) appropriations bill includes funding for more than two dozen independent agencies performing a wide range of functions, such as managing federal real property, regulating financial institutions and markets, and delivering mail. These agencies include the following:\nCommodity Futures Trading Commission (CFTC),\nConsumer Product Safety Commission (CPSC),\nElection Assistance Commission (EAC),\nFederal Communications Commission (FCC),\nFederal Election Commission (FEC),\nFederal Labor Relations Authority (FLRA),\nFederal Trade Commission (FTC),\nGeneral Services Administration (GSA),\nMerit Systems Protection Board (MSPB),\nNational Archives and Records Administration (NARA),\nOffice of Personnel Management (OPM),\nPrivacy and Civil Liberties Oversight Board (PCLOB),\nSecurities and Exchange Commission (SEC),\nSmall Business Administration (SBA), and\nUnited States Postal Service (USPS).\nOn February 2, 2015, President Obama submitted his FY2016 budget request. The request included a total of $3.60 billion for independent agencies funded through the FSGG appropriations bill, including $322 million for the CFTC.\nOn July 9, 2015, the House Committee on Appropriations reported the Financial Services and General Government Appropriations Act, 2016 (H.R. 2995, H.Rept. 114-194). Total FY2016 independent agency funding in the reported bill would be $1.19 billion, with another $245 million for the CFTC included in the Agriculture appropriations bill (H.R. 3049, H.Rept. 114-205), which was reported on July 14, 2015. The combined total for these agencies would be $1.43 billion.\nOn July 30, 2015, the Senate Committee on Appropriations reported the Financial Services and General Government Act, 2016 (S. 1910, S.Rept. 114-97). S. 1910 would appropriate $1.35 billion for independent agencies for FY2016.\nAlthough financial services are a major focus of the bills, FSGG appropriations bills do not include several of the financial regulatory agencies, which are funded outside of the appropriations process. Both H.R. 2995 and S. 1910 include language that would alter the appropriations status of the Consumer Financial Protection Bureau (CFPB), changing its primary funding source to the FSGG bill instead of unappropriated funds provided through the Federal Reserve. The Senate committee FSGG bill also includes the text of S. 1484, a broad financial regulatory reform package that was previously reported by the Senate Banking Committee but has not been considered by the full Senate.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/R44299", "sha1": "98d4708d20cefa26fb086234fa4d8a6537d45627", "filename": "files/20151207_R44299_98d4708d20cefa26fb086234fa4d8a6537d45627.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/R44299", "sha1": "4e92a0196a7bfbf870c959beee01c63d6825d86b", "filename": "files/20151207_R44299_4e92a0196a7bfbf870c959beee01c63d6825d86b.pdf", "images": null } ], "topics": [ { "source": "IBCList", "id": 2843, "name": "Financial Services and General Government Appropriations" } ] } ], "topics": [ "American Law", "Appropriations", "Economic Policy", "Intelligence and National Security", "Internet and Telecommunications Policy", "Latin American Affairs", "National Defense" ] }