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Appropriations Committee Passes Financial Services Spending Bill

On June 9, the House Appropriations Committee approved, 30-17, the FY2017 Financial Services, General Government spending bill (as-yet-unnumbered). The Financial Services and General Government Subcommittee approved the bill on May 25 (see The Source, 5/27/16).

According to the committee report, the bill would provide $21.735 billion in discretionary funds for the Department of Treasury, Executive Office of the President, federal courts, and several agencies, including the Small Business Administration (SBA). This amount is $1.5 billion below FY2016 and $2.692 billion below President Obama’s FY2017 budget request.

As amended, the bill would prohibit funding for abortions offered through multi-state qualified health plans under the Affordable Care Act (P.L. 111-148) negotiated by the Office of Personnel Management.

The report notes that the $12.3 million in funding for the Veterans Outreach program at SBA includes an allocation for the Veteran Women Igniting the Spirit of Entrepreneurship (V Wise) program.

The following chart details funding levels for several programs important to women and their families.

Program/Agency

FY2016

President’s FY2017 Request

FY2017

Small Business Administration $871.042 million $877.894 million $881.361 million
Entrepreneurial Development Programs $231.1 million $230.6 million $243.1 million
Women’s Business Centers $17 million $16.7 million $19 million
National Women’s Business Council $1.5 million $1.5 million $1.5 million
Microloan Technical Assistance $25 million $31 million $31 million
Small Business Development Centers $117 million $115 million $125 million

 

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