Quigley Named Ranking Member of Financial Services & General Government Subcommittee
WASHINGTON - Today, U.S. Representative Mike Quigley (IL-05) was appointed by the House Democratic Caucus to serve as Ranking Member of the Financial Services and General Government (FSGG) Subcommittee on the powerful Appropriations Committee. The FSGG Appropriations Subcommittee is responsible for providing oversight and approval over annual spending levels for a diverse number of agencies, including the Internal Revenue Service, the Securities and Exchange Commission, the Small Business Administration, the Judiciary, and the Federal Communications Commission.
"I am proud to be appointed as the new Ranking Member of the Financial Services and General Government Appropriations Subcommittee, where I will remain committed to securing the investments needed to protect consumers, promote small business, and strengthen our financial system," said Rep. Quigley. "Unfortunately, recent cuts to the various agencies within the FSGG Subcommittee's jurisdiction have done little to encourage economic growth, and instead have left hardworking American families more vulnerable to unfair, deceptive, and abusive practices. Opponents of the Dodd-Frank Act have also attempted to utilize the FSGG Appropriation bill as a mechanism to roll-back critical reforms put in place to mitigate systemic risk and hold financial intuitions more accountable for their actions. As we begin what will undoubtedly be a very difficult appropriations season, I will fight to ensure that agencies have the resources and tools they need to adequately serve the American people, as well as defend the central pillars of Dodd-Frank from unnecessary partisan attacks."
Last week, President Trump announced steps to revisit and roll back financial regulations enacted after the 2008 financial crisis, as well as new rules intended to protect consumers from poor investment advice. Rep. Quigley is committed to holding the new Administration accountable and ensuring it does not put Wall Street before working people.
"The Appropriations Committee will play a critical role in the 115th Congress, and the Financial Services & General Government Subcommittee will be critical to protecting the health, rights, and financial security of hard-working American families," said Rep. Nita Lowey (D-NY), Ranking Member of the Appropriations Committee. "I am so pleased the Subcommittee will be led by Mike Quigley, a strong progressive voice who will clearly defend the services and investments on which families and communities rely."
During his four years on the Appropriations Committee, Rep. Quigley has consistently opposed efforts to weaken the Consumer Financial Protection Bureau, restrict the SEC from enforcing new investor protections, and gut the IRS's ability to combat tax fraud. Most recently, Rep. Quigley successfully secured language from his bipartisan SEC Small Business Advocate Act in the House Fiscal Year 2017 FSGG Appropriations bill. His bill provides small businesses and small business investors an important, independent voice at the SEC. Ultimately, the SEC Small Business Advocate Act passed through Congress as a standalone bill, and was signed into law in December 2016.
The FSGG Appropriations Subcommittee has jurisdiction over a diverse group of agencies responsible for regulating the financial and telecommunications industries; collecting taxes and providing taxpayer assistance; supporting the operations of the White House, the Federal Judiciary, and the District of Columbia; managing Federal buildings; and overseeing the Federal workforce. More specifically, the FSGG Appropriations Subcommittee has jurisdiction over the following:
Department of the Treasury
District of Columbia
The Judiciary
Executive Office of the President
Council of Economic Advisers
Executive Residence at the White House
Federal Drug Control Programs
High Intensity Drug Trafficking Areas Program
National Security Council
Office of Administration
Office of Management and Budget
Office of National Drug Control Policy
Office of Policy Development
Official Residence of the Vice President
Special Assistance to the President
Privacy and Civil Liberties Oversight Board
Unanticipated Needs
White House Office
White House Repair and Restoration
Independent Agencies
Administrative Conference of the United States
Consumer Product Safety Commission
Election Assistance Commission
Federal Communications Commission
Federal Deposit Insurance Corporation, Office of Inspector General
Federal Election Commission
Federal Labor Relations Authority
Federal Trade Commission
General Services Administration
Harry S. Truman Scholarship Foundation
Merit Systems Protection Board
Morris K. Udall Scholarship and Excellence in National Environmental Policy Foundation
National Archives and Records Administration
National Credit Union Administration
National Historical Publications and Records Commission
Office of Government Ethics
Office of Personnel Management and Related Trust Funds
Office of Special Counsel
Securities and Exchange Commission
Selective Service System
Small Business Administration
United States Postal Service, Payment to the Postal Service Fund, Postal Regulatory Commission and Office of Inspector General
United States Tax Court
General Provisions, Governmentwide
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