2017 House Financial Services and General Government Bill: Reduces Spending, but Does Not Go Far Enough on Policy Changes
The FY 2017 Financial Services and General Government appropriations bill makes progress by cutting more than a billion dollars from last year’s spending level and including several important policy riders. Bringing the CFPB under the annual appropriations process is a step in the right direction, but Americans would be better served if Congress eliminated it, and its harmful effects on the economy were reversed. Lifting the moratorium on OMB Circular No. A-76 is another important step toward restoring fairness and competition to the role of the federal government. The FY 2017 bill should take bold steps to reduce economic barriers in order to return the economy to a prosperous path.