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Financial Services, General Government Spending Bill Approved

On May 25, the House Appropriations Subcommittee on Financial Services and General Government approved, by voice vote, the FY2017 Financial Services and General Government spending bill (as-yet-unnumbered).

According to the committee summary, the bill would allocate $21.7 billion in FY2017 for several federal agencies, including the Small Business Administration (SBA) and the District of Columbia. This amount is $1.5 billion below FY2016 and $2.7 billion below President Obama’s budget request for FY2017.

SBA would receive $883 million in FY2017. The total includes $125 million for Small Business Development Centers and $19 million for Women’s Business Centers.

The bill would continue the prohibitions against the Federal Employee Health Benefits Program or the District of Columbia using funds for abortions.

Additional details will be made available once the committee releases its report.

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