Providing amounts for the expenses of the Committee on Financial Services in the One Hundred Nineteenth Congress.
- Bill Number
- H.Res. 103
- Origin Chamber
- House
- Congress
- 119th Congress, Session 1
- Policy Area
- Congress
- Status
- Introduced
- Latest Action
- 2025-02-04: Referred to the House Committee on House Administration.
- Last Updated
- 2025-04-25T19:33:49Z
AI-Generated Summary
Purpose
This resolution allocates funding for the operational expenses of the Committee on Financial Services in the U.S. House of Representatives for the 119th Congress (2025-2027). It ensures the committee has resources for staff salaries and other costs to carry out its oversight and legislative duties related to financial matters.
Key Provisions
- Total Funding: Up to $22,407,000 will be drawn from the House of Representatives' accounts designated for committee salaries and expenses.
- Session Breakdown:
- $11,203,500 available for expenses from January 3, 2025, to January 3, 2026 (first session).
- $11,203,500 available for expenses from January 3, 2026, to January 3, 2027 (second session).
- Payment Process: Funds are disbursed through vouchers authorized by the Committee on Financial Services, signed by its Chair, and approved as directed by the Committee on House Administration.
- Expenditure Rules: All funds must be spent according to regulations set by the Committee on House Administration, which oversees House operational guidelines.
Significant Changes to Existing Law
This resolution does not introduce major changes to existing law. It follows standard congressional practice for funding House committees at the start of a new Congress, replacing prior allocations for the previous Congress (118th) with updated amounts tailored to this two-year period. No substantive alterations to committee authority or operations are made.
Potential Impacts
- On Government Agencies: Primarily affects the internal budgeting of the House of Representatives by providing dedicated funds for the Committee on Financial Services, enabling it to conduct hearings, investigations, and reviews of financial institutions, markets, and regulations without relying on ad hoc appropriations.
- On Citizens: Indirect and minimal; the funding supports congressional oversight of financial policies that could influence economic stability, consumer protections, and banking regulations, but it does not directly alter public services or rights.
- On International Relations: No direct impact, as this is an internal House funding measure focused on domestic legislative operations.
Main Stakeholders Affected
- Committee on Financial Services: Primary beneficiary, including its members, staff, and operations.
- Committee on House Administration: Oversees approval and regulatory compliance for the funds.
- U.S. House of Representatives: Overall budget implications, as funds come from shared congressional accounts.
- Taxpayers: Indirectly, as the funding is sourced from federal appropriations.
Notable Legal, Constitutional, or Political Implications
- Legal: Reinforces House rules on committee funding under Article I of the U.S. Constitution, which empowers Congress to organize its internal operations. The voucher and regulatory requirements ensure accountability and prevent misuse of public funds.
- Constitutional: Supports the legislative branch's independence by allocating resources without executive branch involvement, upholding separation of powers.
- Political: This is a routine, non-controversial measure introduced at the Congress's outset to maintain committee functionality. It reflects bipartisan norms for committee budgets but could be subject to future adjustments based on political priorities or fiscal constraints. No significant controversies or challenges are evident in the text.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Recent Actions
- 2025-02-04: Referred to the House Committee on House Administration.
- 2025-02-04: Submitted in House
Bill Versions
- Providing amounts for the expenses of the Committee on Financial Services in the One Hundred Nineteenth Congress. — issued 2025-02-04 — PDF (2 pages)