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Womack Holds First Markup as Chairman of FSGG

Washington, June 22, 2023

Washington, DC—June 22, 2023…Congressman Steve Womack (AR-3) held his first House Appropriations Subcommittee on Financial Services and General Government (FSGG) markup on the FY24 FSGG Appropriations bill this morning.

Chairman Womack said, “This year’s FSGG bill claws back wasteful Washington spending by rejecting nearly $6.232 billion of President Biden’s bloated budget request and rescinding funding for a supercharged army of 85,000 IRS agents. By stopping heavy-handed bureaucratic regulations, this bill supports our small businesses and ensures the government works for the American people, not against them. This bill is a step in the right direction of responsibly addressing the fiscal trajectory America is counting on.”

Reins in wasteful Washington spending and bureaucracy by:

  • Rejecting nearly $6.232 billion for discretionary funding increases and $44 billion in mandatory funding increases within the President’s Budget Request.
  • Rescinding wasteful Democrat spending for 85,000 IRS agents and their associated payroll systems.
  • Prohibiting dozens of costly regulatory actions and ensuring agencies remain focused on their core federal functions.
  • Ensuring agencies return to pre-COVID telework policies and levels.

Supports economic growth and protects American investors and small businesses by:

  • Prohibiting funding for costly and heavy-handed regulations at the Securities and Exchange Commission (SEC), including the climate disclosure rule.
  • Subjecting the Consumer Financial Protection Bureau (CFPB) to the appropriations process and replacing the CFPB director with a bipartisan, five-person commission.

Targets opioid abuse by:

  • Prioritizing funds for the High Intensity Drug Trafficking Areas (HIDTA) to address regional drug threats including combatting fentanyl and other opioid overdoses and enhancing drug interdiction activities.

A recording of the markup can be found here and Congressman Womack’s opening remarks can be found here.

Congressman Steve Womack (AR-3) has represented Arkansas’s Third Congressional District since 2011. He is a member of the House Appropriations Committee.

womack.house.gov

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