Financial Services and General Government

The Senate Appropriations Subcommittee on Financial Services and General Government is one of twelve subcommittees within the parent Senate Committee on Appropriations. Like all appropriations subcommittees, it focuses on a specific slice of the federal budget—in this case, the annual spending bill that funds dozens of federal agencies and departments. The subcommittee does not create policy itself; rather, it reviews budget requests and prepares legislation for the full Appropriations Committee to consider and send to the Senate floor.

This subcommittee has jurisdiction over a diverse portfolio of federal agencies. It handles appropriations for the Department of the Treasury, the Internal Revenue Service, the Executive Office of the President, the Office of Management and Budget, the federal judiciary, the District of Columbia, and more than two dozen independent agencies. These include the Securities and Exchange Commission, the Federal Deposit Insurance Corporation, the Federal Trade Commission, the Federal Communications Commission, the Commodity Futures Trading Commission, and the Small Business Administration. The breadth of its jurisdiction makes it one of the most complex appropriations subcommittees.

The subcommittee is chaired by Senator Bill Hagerty (R-TN) and has Ranking Member Jack Reed (D-RI). The 10-member panel includes both Republicans and Democrats. With no bills currently referred to the subcommittee, the panel is in its preparatory phase for the fiscal year 2026 appropriations cycle, during which it will review agency budget requests and draft the spending bill that funds these critical government operations and financial institutions.