Financial Services and General Government: FY2012 Appropriations Overview (CRS Report for Congress)
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| Release Date |
Revised July 27, 2011 |
| Report Number |
R41655 |
| Report Type |
Report |
| Authors |
Garrett Hatch, Analyst in American National Government |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
The Financial Services and General Government (FSGG) appropriations bill includes 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 Security 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 Financial Services and General Government bill. CFTC funding is included in all FSGG funding tables in this report.
On April 14, 2011, the House and the Senate passed H.R. 1473, the Department of Defense and Full-Year Continuing Appropriations Act of 2011, which the President signed into law (P.L. 112-10) the following day. H.R. 1473 provides $44.69 billion for FSGG agencies, including $203 million for the CFTC, for FY2011, a decrease of $1.74 billion below FY2010 enacted amounts.
On February 14, 2011, President Obama issued his FY2012 budget request. The request included a total of $48.72 billion for agencies funded through the Financial Services and General Government (FSGG) appropriations bill, including $308 million for the CFTC. The Presidents request would increase funding $4.03 billion above FY2011 enacted amounts.
On July 7, 2011, the House Appropriations Committee reported H.R. 2434, the Financial Services and General Government Appropriations Act, 2012. H.R. 2434 would provide $42.97 billion for agencies funded through the House FSGG appropriations subcommittee. In addition, the CFTC would receive $172 million through the FY2012 agriculture appropriations bill, H.R. 2112. Total FY2012 funding provided by the House would be $43.14 billion, about $5.58 billion below the Presidents FY2012 request and $1.55 billion less than FY2011 enacted amounts.
