House Appropriations Committee
Financial Services and General Government Subcommittee
H-140 Capitol
07/21/2025 at 05:30PM
Subcommittee markup.
Treasury:
Other agencies:
- Judiciary
- Executive Office of the President
- General Services Administration
- Office of Personnel Management
- Small Business Administration
- Other small agencies
The budget request cuts:
- Barry Goldwater Scholarship and Excellence in Education Foundation (100% cut)
- Consumer Product Safety Commission (100% cut)
- Election Assistance Commission (35% cut)
- Federal Election Commission (10% cut)
- Federal Trade Commission (78% cut)
- Merit Systems Protection Board (11% cut)
- National Archives and Records Administration (8% cut)
| Department of Treasury | ||
|---|---|---|
| Program Name | $ Change from 2025 Enacted (in millions) | Brief Description of Program and Recommended Reduction or Increase |
| Rural Financial Award Program | +100 | The Budget would require 60 percent of Community Development Financial Institutions’ (CDFIs’) loans and investments to go to rural areas. |
| Cuts, Reductions, and Consolidations | ||
| Internal Revenue Service (IRS) | -2,488 | The Budget cuts IRS enforcement and taxpayer services. |
| CDFI Fund Discretionary Awards | -291 | The Budget recommends eliminating CDFI Fund discretionary awards. Remaining funding supports oversight and closeout of prior awards, maintaining CDFI certification, and support for New Markets Tax Credit administration and the zero-cost Bond Guarantee Program. |
| Small Business Administration (SBA) | ||
| Cuts, Reductions, and Consolidations | ||
| Entrepreneurial Development Programs (EDP) Consolidation | -167 | The Budget ends 15 programs, leaving only the Small Business Development Centers (SBDCs) program. The SBDC request includes a $10 million increase for business technical assistance services for veteran-owned small businesses. |
| Salaries and Expenses (S&E) | -111 | The Budget provides $250 million for SBA’s S&E, a 34 percent cut. |