Treasury Department Appropriations, FY2017 (CRS Report for Congress)
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| Release Date |
Revised June 6, 2017 |
| Report Number |
R44649 |
| Report Type |
Report |
| Authors |
Gary Guenther, Analyst in Public Finance |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
At its most basic level of organization, the Treasury Department is a collection of departmental offices and operating bureaus. The bureaus as a whole typically account for 95% of Treasury's budget and workforce. Most bureaus and offices are funded through annual appropriations.
Treasury appropriations are distributed among 11 accounts in FY2016: (1) Departmental Offices (DO), (2) Office of Terrorism and Financial Intelligence (TFI), (3)Department-wide Systems and Capital Investments Program (DSCIP), (4) Office of Inspector General (OIG), (5) Treasury Inspector General for Tax Administration (TIGTA), (6) Special Inspector General for the Troubled Asset Relief Program (SIGTARP), (7) Financial Crimes Enforcement Network (FinCEN), (8) Bureau of the Fiscal Service (BFS), (9) Alcohol and Tobacco Tax and Trade Bureau (ATTB), (10) Community Development Financial Institutions Fund (CDFIF), and (11) the Internal Revenue Service (IRS).
The President's budget request for FY2017 calls for the Treasury Department to receive $13.144 billion in appropriations, including a rescission of $657 million for the Treasury Forfeiture Fund (TFF). Of the requested funds, $12.280 billion would go to the IRS; $353 million to the BFS; $217 million to DO; $117 million to TFI; $246 million to CDFIF; $170 million to TIGTA; $115 million to FinCEN; $106 million to ATTB; $41 million to SIGTARP; $37 million to OIG; and $5 million to DSCIP.
In early July 2016, the House approved a bill (H.R. 5485) that provided appropriations for the Treasury Department and several other agencies in FY2017. Under the measure, Treasury would receive $11.694 billion in appropriations, including a rescission of $754 million from the TFF. This amount is $248 million less than the amount enacted for FY2016 and $1.450 billion less than the budget request.
During the previous month, the Senate Appropriations Committee reported a bill (S. 3067) to fund Treasury in FY2017. Under the measure, Treasury would receive $12.040 billion in appropriations, including a rescission of $657 million from the TFF. The recommended amount is $98 million below the amount enacted for FY2016 and $1.104 billion less than the budget request.
The three FY2017 budget proposals for Treasury raise several issues for Congress. One concerns the status of funding for the Office of Terrorism and Financial Intelligence (TFI): H.R. 5485 (as passed by the House) would create a separate appropriations account for the TFF, whereas both the budget request and S. 3067 (as reported) would combine funding for the office with overall DO funding.
Another issue is the future status of the Healthy Food Initiative (HFI), a CDFIF program. The budget request includes designated funding for HFI, but neither S. 3067 nor H.R. 5485 does so.
Proposed funding for the IRS in FY2017 focuses attention on three additional issues: (1) the appropriate size of the IRS budget, (2) the advantages and disadvantages of using discretionary funding cap adjustments under the Balanced Budget Act of 2011 to pay for new IRS enforcement initiatives, and (3) the impact on the size of the IRS budget of the current budget scoring convention of disregarding the net revenue effect of agency administrative programs.
