Granger and Graves on Financial Services Bill
Jun 13, 2019
WASHINGTON – Today, the Full Committee met to consider the fiscal year 2020 Financial Services and General Government appropriations bill. The bill includes many priorities supported by Members on both sides of the aisle, such as support for small businesses, drug control programs, and the Treasury Department's counterterrorism and financial intelligence efforts. However, the bill includes an irresponsible funding increase and controversial policy provisions, and therefore, Committee Republicans were unable to support the bill.
Top Appropriations Committee Republican Kay Granger (R-TX) said, "Committee Democrats have written the fiscal year 2020 appropriations bills to unrealistic levels, targeted pro-life provisions, and prohibited funding for a border wall - the Financial Services bill is no different."
Subcommittee Ranking Member Tom Graves (R-GA) added, "While there are some areas of agreement, the bill as drafted is not something I can support. It removes important protections for life and would block funds from being used to secure our southern border. It also skyrockets spending by another $1.8 billion. We cannot afford to spend more on general government activities if we want to leave this country's pocketbook in better shape for our kids and grandkids. Just because we can spend it, doesn't mean we should."
Backing their commitment to conservative polices, Committee Republicans offered amendments to:
- Allow the Trump Administration to use Treasury Forfeiture funds to address the crisis at the southwest border;
- Promote pro-life policies by prohibiting the use of District of Columbia local funds for abortion;
- Prevent a proposed bill in the District of Columbia that would legalize the solicitation of a prostitute and the sex industry;
- Restore the prohibition requiring Federal contractors to disclose political contributions as part of the procurement process;
- Increase District of Columbia Opportunity Scholarship funding;
- Include the Consumer Financial Protection Bureau in the appropriations process; and
- Reduce unnecessary spending contributing to the $22 trillion federal debt.