Financial Services and General Government (FSGG): FY2014 Appropriations (CRS Report for Congress)
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| Release Date |
Revised July 2, 2014 |
| Report Number |
R43352 |
| Report Type |
Report |
| Authors |
Baird Webel,Eugene Boyd,David F. Burrelli,Kevin J. Coleman,Robert Jay Dilger,Patricia Moloney Figliola,R. Sam Garrett,Darryl E. Getter,Wendy Ginsberg,Matthew E. Glassman,Gary Guenther,L. Elaine Halchin,Garrett Hatch,Kevin R. Kosar,Sean Lowry,Gerald Mayer |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
The Financial Services and General Government (FSGG) appropriations bill provides funding for
the Department of the Treasury, the Executive Office of the President (EOP), the judiciary, the
District of Columbia, and more than two dozen independent agencies. Among those independent
agencies are the General Services Administration (GSA), the Office of Personnel Management
(OPM), the Small Business Administration (SBA), the Securities and Exchange Commission
(SEC), and the United States Postal Service (USPS). The Commodity Futures Trading
Commission (CFTC) is funded in the House through the Agriculture appropriations bill and in the
Senate through the FSGG bill. CFTC funding is included in all FSGG funding tables in this
report.
On April 10, 2013, President Obama submitted his FY2014 budget request. The request included
a total of $45.4 billion for agencies funded through the FSGG appropriations bill, including $315
million for the CFTC.
On July 23, 2013, the House Committee on Appropriations reported H.R. 2786, the Financial
Services and General Government Appropriations Act, 2014. H.R. 2786 would have provided
$38.3 billion for agencies funded through the House FSGG Appropriations Subcommittee. In
addition, the CFTC would have received $194.6 million through the FY2014 Agriculture
appropriations bill (H.R. 2410). Total FY2014 funding in the House bill was $38.3 billion, about
$7.1 billion below the President’s FY2014 request.
On July 25, 2013, the Senate Appropriations Committee reported its FY2014 financial services
bill, S. 1371. The Senate committee’s bill would have provided $44.3 billion for FSGG agencies,
including $315 million for the CFTC, for FY2014, $1.1 billion below the President’s FY2014
request.
Because none of the 12 regular appropriations bills for FY2014 were enacted prior to the
beginning of the fiscal year, a funding gap commenced on October 1, 2013. On October 16, 2013,
the Senate passed a previously passed House bill, H.R. 2775, with an amendment that, in part,
provided interim continuing appropriations for the previous fiscal year’s projects and activities
and retitled H.R. 2775 as the Continuing Appropriations Act, 2014. Later that same day, the
House agreed to the Senate amendment to H.R. 2775. H.R. 2775 was signed into law on October
17, 2013 (P.L. 113-46), thus terminating the funding gap that same day. With some routine
exceptions, P.L. 113-46 provided budget authority through January 15, 2014.
On January 17, 2014, the President signed the Consolidated Appropriations Act, 2014 (H.R.
3547/P.L. 113-76), funding the government for the rest of FY2014. The FSGG appropriations
were included as Division E of P.L. 113-76. P.L. 113-76 appropriates a total of $43.2 billion for
FSGG agencies, including $215 million for the CFTC, whose funding was contained in Division
A of the law.
