FY2018 Financial Services & General Government Appropriations Bill Released

Statement

The Senate Committee on Appropriations today released the FY2018 chairmen's recommendation and explanatory statement for the Financial Services and General Government Appropriations Bill.

The recommendation totals $20.8 billion, $637 million below the FY2017 enacted level. The measure maintains funding to encourage small business growth, improve Internal Revenue Service accountability, and strengthen counterterrorism, cybersecurity and agency oversight.

"The programs and agencies included in this bill play an important role in promoting the American economy. This mark puts the Senate in a position to find consensus on policies and funding to improve their overall operation," said Appropriations Committee Chairman Thad Cochran (R-Miss.). "I am grateful for the hard work Senator Capito and her subcommittee put into this measure."

"In my first year as chair of the Financial Services and General Government Subcommittee, I have worked to produce a funding measure that promotes fiscal responsibility and encourages government efficiency and innovation. This has been a careful and deliberative process, and I look forward to working with colleagues in the Senate and House to reach an agreement on funding priorities," said U.S. Senator Shelley Moore Capito (R-W.Va.), chairman of the Senate Financial Services and General Government Appropriations Subcommittee. "Importantly, this bill promotes rural broadband expansion through the FCC and increases critical resources to combat the opioid epidemic through federal drug programs."

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