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Congressman Mike Quigley

Representing the 5th District of Illinois

Quigley Named Ranking Member of Financial Services & General Government Subcommittee

Feb 7, 2017
Press Release

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