WASHINGTON – U.S. Senator Chris Coons (D-Del.), the ranking member of the Appropriations’ Financial Services and General Government Subcommittee, released the following statement after the 2017 Financial Services and General Government (FSGG) Appropriations bill passed the full Appropriations Committee.
“I commend Chairman Boozman for producing a relatively clean bill, free of new contentious policy riders and controversial authorizations,” said Senator Coons. “I appreciate that this bill addresses many agencies’ pressing needs by providing resources at the level the President requested. However, I am profoundly disappointed that funding for some key regulatory agencies, notably the Commodity Futures Trading Commission, the Federal Communications Commission, and the Securities and Exchange Commission, falls far below the necessary levels, jeopardizing the ability of these agencies to vigorously protect markets, investors, and consumers from unscrupulous practices.
“While I voted to pass this bill, it is with notable reservation and reluctance given the inadequate resources for these important agencies. I look forward to working collaboratively with my colleagues, Republicans and Democrats, to keep this bill free of unrelated policy riders and consumer protection rollbacks as the appropriations process advances.”
For more information on the bill click here: http://www.appropriations.senate.gov/news/minority/fy17-fsgg-full-committee-markup-bill-summary