Financial Services and General Government Appropriations Act, 2016
Latest action. Placed on Senate legislative calendarThe list of measures reported out of committee and eligible for floor action. Being on the calendar is not a promise of a vote.Read the full definition (opens a new tab) under General Orders. Calendar No. 176.
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Highlights:
The Financial Services and General Government Appropriations Act, 2016 provides FY2016 appropriations to agencies responsible for:
regulating the financial, telecommunications, and consumer products industries;
collecting taxes and assisting taxpayers;
managing federal buildings and the federal workforce; and
operating the Executive Office of the President, the judiciary, and the District of Columbia.
The bill decreases Financial Services and General Government discretionary funding below FY2015 levels.
Compared to FY2015, the bill includes increases for the judiciary and the District of Columbia. The bill decreases funding for the Department of the Treasury, including decreases for the Internal Revenue Service.
The bill includes a financial services title that amends several laws that regulate financial institutions and securities markets. It changes the process and criteria for determining the size of financial entities that are systemically important and are subject to additional regulations and oversight. It also amends provisions that provide protections to consumers of various financial products. Also included in the bill are provisions that:
relax certain travel and trade restrictions with Cuba,
require OPM to provide identity protection to victims of the data breach,
change the structure and funding source of the Consumer Financial Protection Bureau,
permit banks to provide services to entities that sell marijuana in states where it is legal, and
change campaign finance coordination rules between candidates and political parties.
Full Summary:
Financial Services and General Government Appropriations Act, 2016
Provides FY2016 appropriations for financial services and general government, including programs in the Department of the Treasury, the Executive Office of the President, the federal judiciary, the District of Columbia, and several independent agencies.
Department of the Treasury Appropriations Act, 2016
TITLE I--DEPARTMENT OF THE TREASURY
Provides appropriations to the Department of the Treasury for Departmental Offices, including:
Salaries and Expenses,
Department-Wide Systems and Capital Investment Programs,
the Office of Inspector General,
The summary continues for 359 more paragraphs. Read it in full on Congress.gov
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Reported to Senate without amendment" stage on July 30, 2015. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on July 30, 2015: Placed on Senate Legislative Calendar under General Orders. Calendar No. 176.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the Senate
- Passage by the House
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 114th Congress (2015-16), 329 of the 10,233 bills and joint resolutions introduced became law, about 3.2 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
John Boozman (R-AR) introduced it on July 30, 2015. No cosponsors are recorded.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on July 30, 2015, 4060 days ago. The most recent recorded action was 4060 days ago, on July 30, 2015.
Measures do not carry over. Anything the 114th Congress has not finished by January 3, 2017 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- SenateIn committee, no floor vote yet
- HouseAwaits Senate passage
- PresidentAwaits both chambers