Financial Services and General Government Appropriations Act, 2027

Bill Number

H.R. 8495

Origin Chamber

House

Congress

119th Congress, Session 2

Policy Area

Economics and Public Finance

Status

Introduced

Latest Action

2026-04-24: Placed on the Union Calendar, Calendar No. 540.

Last Updated

2026-06-11T23:41:33Z

AI-Generated Summary

Summary of H.R. 8495: Financial Services and General Government Appropriations Act, 2027

Purpose

This bill provides funding for the Department of the Treasury, Executive Office of the President, federal judiciary, District of Columbia (DC) government and courts, and various independent agencies for fiscal year 2027 (ending September 30, 2027). It also includes restrictions on fund use and general government-wide provisions.

Key Provisions

• Department of the Treasury (Title I): Allocates ~$10.5B+ across offices, including:
• Departmental Offices: $240.8M for operations, policy, and audits.
• IRS: $10.2B total ($3B taxpayer services, $3.6B enforcement, $3.6B tech/operations).
• Other: Funding for Financial Crimes Enforcement Network ($185.2M), Mint, Community Development Financial Institutions ($276.6M prioritizing high-poverty areas).
• Executive Office of the President (Title II): ~$800M+ for White House ($78.9M), OMB ($129M), National Drug Control Policy ($463.5M for drug programs).
• Judiciary (Title III): ~$8.6B for courts, defender services ($1.8B), security ($921M).
• District of Columbia (Title IV): Federal payments for tuition ($20M), courts ($274M), defender services ($46M), school improvement ($52.5M scholarships/grants).
• Independent Agencies (Title V): Funding for CPSC ($142M), FCC ($390M from fees), SEC ($2B from fees), SBA ($800M+ for loans/programs), USPS ($38.4M revenue forgone).
• General Provisions (Titles VI-VIII):
• Prohibitions: No funds for CBDC development, DEI training, Critical Race Theory, certain regulations (e.g., IRS targeting, gas stoves ban), mask/vaccine mandates.
• Reporting/oversight: Quarterly reports, reprogramming limits.
• DC-specific: Bans on non-citizen voting, assisted suicide funding, certain emission rules.

Significant Changes to Existing Law

• Funding Shifts: IRS enforcement steady at $3.6B; no free e-filing without approval; CFIUS fund fully offset by fees.
• New Restrictions:
• Prohibits Treasury from Central Bank Digital Currency work or ESG advisory committees.
• Blocks certain CPSC/FCC/FTC rules (e.g., off-highway vehicle standards, digital discrimination).
• DC: Repeals assisted suicide law; bans non-citizen local voting registration.
• Pay freezes for certain executive positions in 2027.
• Extensions: Some programs (e.g., CDFI bond guarantees to 2028) continued with limits.

Potential Impacts

• Government Agencies: Sustains operations (e.g., IRS processing, court security); enhances cybersecurity ($59M Treasury); limits expansions (e.g., no IRS guns beyond 2022 levels).
• Citizens: Affects tax services/enforcement, small business loans ($52B+ commitments), DC tuition/schools; restrictions protect against certain mandates (e.g., no DEI, no COVID mandates).
• International Relations: Funds anti-terrorism/financial intelligence ($237.7M); CFIUS reviews foreign investments; limits Cuba sanctions relief.
• Economy: Supports SBA disaster loans ($175M), election security grants ($15M); fee offsets reduce taxpayer burden for SEC/FCC.

Main Stakeholders Affected

• Federal Agencies: Treasury/IRS, Judiciary, GSA, SEC, SBA, FCC, FTC.
• Citizens/Taxpayers: IRS users, small businesses, DC residents (schools, courts, security).
• Businesses: Banks (CFPB oversight), small firms (SBA loans), tech/telecom (FCC rules).
• DC Government: Courts, public defender, National Guard programs.
• Vulnerable Groups: Low-income (CDFI $276M), veterans (SBA outreach), Native communities.

Notable Legal, Constitutional, or Political Implications

• Oversight/Control: Extensive provisos assert Congress's "power of the purse" (Art. I, Sec. 9), limiting executive actions (e.g., no regulation finalization without studies).
• Constitutional: Protects First Amendment (no IRS targeting speech/ideology); reinforces federalism (DC restrictions on local laws).
• Political: Fiscal restraint via offsets/fees; blocks progressive policies (DEI, climate rules, voting access); mandates reports/transparency.
• Legal Risks: Some prohibitions (e.g., rule blocks) may face challenges if seen as overriding agency authority; whistleblower/privacy protections strengthened.

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Rep. Joyce, David P. [R-OH-14]

Recent Actions

• 2026-04-24: Placed on the Union Calendar, Calendar No. 540.
• 2026-04-24: The House Committee on Appropriations reported an original measure, H. Rept. 119-623, by Mr. Joyce (OH).
• 2026-04-24: The House Committee on Appropriations reported an original measure, H. Rept. 119-623, by Mr. Joyce (OH).

Bill Versions

• Financial Services and General Government Appropriations Act, 2027 — issued 2026-04-24 — PDF (200 pages)