Appropriations Committee Releases Fiscal Year 2022 Financial Services and General Government Funding Bill

The House Appropriations Committee released the draft fiscal year 2022 Financial Services and General Government funding bill which provides annual funding for the Department of the Treasury, the Judiciary, the Executive Office of the President, and other independent agencies, including the Federal Communications Commission and the Federal Trade Commission. For fiscal year 2022, the draft bill includes $29.1 billion in discretionary funding, an increase of $4.8 billion over 2021. 

• The bill includes $388 million for the FCC, an increase of $14 million above the FY 2021 enacted level, to support efforts to expand broadband access, improve the security of U.S. telecommunications networks, and administer billions in COVID-19 relief programs.
• The bill includes $390 million for the FTC, an increase of $39 million above the FY 2021 enacted level, to bolster antitrust and consumer protection work.