	Introduction

The Financial Services and General Government (FSGG) appropriations bill includes funding for the Department of the Treasury (Title I), the Executive Office of the President (EOP, Title II), the judiciary (Title III), the D istrict of Columbia (Title IV), and more than two dozen independent agencies (Title V). The House and Senate FSGG bills fund the same agencies, with one exception. The Commodities and Futures Trading Commission (CFTC) is funded through the Agriculture appropriations bill in the House and the FSGG bill in the Senate. This structure has existed in its current form since the 2007 reorganization of the House and Senate Committees on Appropriations. Although financial services are a major focus of the bills, FSGG appropriations bills do not include many financial regulatory agencies, which are instead funded outside of the appropriations process. Administration and Congressional Action

On February 2, 2015, President Obama submitted his FY2016 budget request, which sought a total of $46.8 billion for agencies funded through the FSGG appropriations bill, including $322 million for the Commodity Futures Trading Commission (CFTC). On July 9, 2015, the House Committee on Appropriations (hereinafter "the House committee") reported the Financial Services and General Government Appropriations Act, 2016 ( H.R. 2995 , H.Rept. 114-194 ). H.R. 2995 as reported would have provided $41.6 billion for agencies funded through the House FSGG Appropriations Subcommittee bill. The House FY2016 Agriculture appropriations bill ( H.R. 3049 , H.Rept. 114-205 ) would have provided $245 million for the CFTC. Total FY2016 funding in the two House bills would have been $41.8 billion, about $4.9 billion below the President's FY2016 request. On July 30, 2015, the Senate Committee on Appropriations reported the Financial Services and General Government Act, 2016 ( S. 1910 , S.Rept. 114-97 ). S. 1910 would have appropriated $42.1 billion for FY2016, about $4.7 billion below the President's request. 114-53 ). The CR generally provided budget authority for ongoing projects and activities at the rate they were funded during FY2015. The FSGG anomalies included in P.L. For example, the Continuing Appropriations Resolution, 2015 ( P.L. The Consolidated Appropriations Act, 2016 ( P.L. 114-96 continued funding through December 16, 2015, and P.L. 114-100 continued funding through December 22, 2015, under the same provisions established in the first CR. 114-113 / H.R. 2029 ) was passed by the House and Senate and signed by the President on December 18, 2015. The FSGG appropriations were included as Division E, whereas the CFTC was funded by the Agriculture appropriations in Division A. The total provided for FSGG agencies for FY2016, including the CFTC, was $44.8 billion, about $2 billion below the President's request. Division O of P.L. The Senate bill also included the full text of S. 1484 , a broad financial regulatory reform bill that was previously reported by the Senate Committee on Banking, Housing, and Urban Affairs. 114-113 did not include the provisions relating to CFPB funding from the committee bills and included a relatively small number of the provisions relating to financial regulation from S. 1484 / S. 1910 .
The Financial Services and General Government (FSGG) appropriations bill includes funding for the Department of the Treasury, the Executive Office of the President (EOP), the judiciary, the District of Columbia, and more than two dozen independent agencies. The House and Senate FSGG bills fund the same agencies, with one exception. The Commodities and Futures Trading Commission (CFTC) is funded through the Agriculture appropriations bill in the House and the FSGG bill in the Senate. This structure has existed since the 2007 reorganization of the House and Senate Committees on Appropriations.
On February 2, 2015, President Obama submitted his FY2016 budget request. The request included a total of $46.8 billion for agencies funded through the FSGG appropriations bill, including $322 million for the CFTC.
On July 9, 2015, the House Committee on Appropriations reported a Financial Services and General Government Appropriations Act, 2016 (H.R. 2995, H.Rept. 114-194). Total FY2016 funding in the reported bill would be $41.6 billion, with another $245 million for the CFTC included in the Agriculture appropriations bill (H.R. 3049, H.Rept. 114-205), which was reported on July 14, 2015. The combined total of $41.8 billion would be about $4.9 billion below the President's FY2016 request.
On July 30, 2015, the Senate Committee on Appropriations reported the Financial Services and General Government Act, 2016 (S. 1910, S.Rept. 114-97). S. 1910 would appropriate $42.1 billion for FY2016, about $4.7 billion below the President's request.
No full FY2016 FSGG appropriations bill was enacted prior to the beginning of the new fiscal year. In response, a number of continuing resolutions (CR) for FY2016, were enacted. P.L. 114-53 continued funding through December, 11, 2015; P.L. 114-96 continued funding through December 16, 2015; P.L. 114-100 continued funding through December 22, 2015. The CRs generally provided budget authority for ongoing projects and activities at the rate they were funded during FY2015.
The Consolidated Appropriations Act, 2016 (P.L. 114-113/H.R. 2029) was passed by the House and Senate and signed by the President on December 18, 2015. The FSGG appropriations bill was included as Division E, whereas the CFTC was funded with the Agriculture appropriations in Division A. The total provided for FSGG agencies for FY2016, including the CFTC, was $44.8 billion, about $2 billion below the President's request.
Although financial services are a major focus of the FSGG appropriations bills, these bills do not include many financial regulatory agencies, which are funded outside of the appropriations process. Both H.R. 2995 and S. 1910 included language that would have altered the appropriations status of the Consumer Financial Protection Bureau (CFPB), changing its primary funding source to the FSGG bill instead of unappropriated funds provided through the Federal Reserve. The Senate committee FSGG bill also included the text of S. 1484, a broad financial regulatory reform package that was previously reported by the Senate Banking Committee, but has not been considered by the full Senate. P.L. 114-113 did not change the funding structure of the CFPB, but did include some of the S. 1484 provisions in Division O.