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Public Statements

Full-Year Continuing Appropriation Act, 2011

Floor Speech

Location: Washington, DC

The House in Committee of the Whole House on the State of the Union had under consideration the bill (H.R. 1) making appropriations for the Department of Defense and the other departments and agencies of the Government for the fiscal year ending September 30, 2011, and for other purposes:

* Mr. SHERMAN. Mr. Chair, Congressman FRANK and Congressman HOLT offered amendments reducing funding for the Internal Revenue Service, and increasing funding for the SEC and the Consumer Financial Protection Bureau, respectively.

* I do not support a reduction in the budget of the Internal Revenue Service, nor do I support the rather modest cut to the General Services Administration included in the Frank Amendment

* I believe that if the House adopts the Frank and Holt Amendments that the Senate will provide the funds to the Securities and Exchange Commission and the Consumer Financial Protection Bureau indicated in those amendments, and will also restore the funds to the IRS and the GSA. Accordingly, I did not vote for these amendments as if they were the last word that Congress would utter regarding the funding of the SEC, the Consumer Financial Protection Bureau, the IRS, and the GSA. Rather, I believe that in the Senate, and in the Conference committee, the support registered for the Frank and Holt Amendments will bolster the claim of those trying to provide adequate funding for the SEC and the Consumer Financial Protection Bureau, but will not undercut those of us seeking adequate funding for the IRS and GSA.

* My support for IRS funding does not mean that I do not think that there needs to be significant reform of the IRS, its operations, and in some hopefully rare cases, the manner in which it treats tax payers.

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