Joyce Remarks at FY25 Financial Services and General Government Bill Full Committee Markup

I am pleased to present the Fiscal Year 2025 Financial Services and General Government appropriations bill today.

The FSGG bill is nearly 10% below the effective spending level provided in Fiscal Year 2024.

We made tough funding decisions to meet our allocation. The bill reduces IRS Enforcement funding by $2 billion and reduces the GSA Federal Buildings Fund by $500 million.

The bill rejects $5 billion in discretionary funding increases within the President’s Budget Request. 

Instead, the bill provides sufficient resources to the Federal and DC judicial branches of government for the protection of Supreme Court Justices and the supervision of offenders and defendants living within our communities. 

The bill promotes the safety of the American people by enhancing drug interdiction activities and combatting fentanyl and other opioid overdoses through funding for the High Intensity Drug Trafficking Areas and Drug-Free Communities programs.

To prevent agency overreach, the bill prohibits funds for dozens of regulatory actions such as prohibiting the FCC from regulating broadband rates, the FTC from controlling how every day Americans purchase a car, and the SEC from collecting and surveilling transactions of everyone who invests in the stock market.

It rolls back the Administration’s environment, social, and governance agenda by prohibiting funds for the SEC’s climate disclosure rule and prevents agencies like the Treasury Department and Small Business Administration from funding climate change initiatives.

And the bill provides transparency and congressional oversight to the Consumer Financial Protection Bureau by bringing it under the annual appropriations process.

I would like to thank Ranking Member Hoyer, Chairman Cole, and Ranking Member DeLauro for their hard work on this legislation.

I look forward to the robust discussion we will have on this bill today.