Fiscal Year 2013 Base Discretionary Funding: $22.991 billion
Disaster Relief: +$167 million
Base Compared to President's Request ($23.332 billion)..........(-$341 million) (1.5% decrease)
Base Compared to Fiscal Year 2012 Enacted ($21.731 billion)...+$1.26 billion (5.8% increase)
Highlights of key funding recommendations:
Securities and Exchange Commission (SEC): The bill provides $1.566 billion, an increase of $245 million (19%) above the fiscal year 2012 enacted level, to enable the SEC to fulfill its mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. This funding, fully offset by collection of securities transaction fees, supports increased legal and investigative staffing for oversight and enforcement responsibilities including significant new mandates under the Wall Street reform law, as well as substantial investments in IT upgrades.
Commodity Futures Trading Commission (CFTC): The bill provides $308 million, an increase of $102.7 million (50%) above the fiscal year 2012 enacted level, to enable the CFTC to fulfill its mission to protect futures markets from fraud, manipulation, and abusive practices and foster open, competitive, and financially sound markets. The increase supports staffing increases and IT enhancements to meet significantly expanded responsibilities in implementing the mandates under the Dodd-Frank Wall Street reform law including regulation and oversight of trading and clearance of over-the-counter derivatives.
Internal Revenue Service (IRS): The bill provides a total of $12.519 billion, an increase of $702 million (6%) above the fiscal year 2012 enacted level and $242 million (1.9%) below the request. The recommended funding aims to restore severe cuts to taxpayer services and enforcement resources experienced in the previous two fiscal years that have hampered the IRS's ability to respond to taxpayer inquiries and have undermined efforts to maximize revenue collection and narrow the tax gap. Resources provided will allow the IRS to meet an increasing demand for services and to make improvements that will permit taxpayers to access automated self-service applications including refund inquires, freeing staff to handle more complex tax law inquiries. Funds will also support an array of compliance activities to address offshore tax evasion, reduce the underreporting tax gap, combat tax-related identity theft, strengthen return preparer compliance, and restore revenue lost as a result of past reductions to examinations and collection programs.
Consumer Product Safety Commission (CPSC): The bill provides $122.4 million, an increase of $7.9 million or 6.5% above the fiscal year 2012 enacted level and the same as the budget request, to monitor the safety of consumer products and to pay for the headquarters relocation.
Small Business Administration (SBA): The bill provides $956.7 million for SBA, an increase of $38 million (4%) above the fiscal year 2012 enacted level. In addition to that amount, the bill includes $167 million, designated as disaster relief, for the administrative costs of the Disaster Loans Program. The recommendation ensures that small business lending remains at maximum levels and supports technical assistance for entrepreneurs seeking to start or grow a small business. The bill fully funds SBA's business loans programs. The recommendation provides $114.75 million for Small Business Development Centers, an increase of $2.25 million (2%) to the fiscal year 2012 enacted level. The Senate bill also includes resources for the Microloan program ($25 million in microlending and $24 million in technical assistance), the Clusters program ($5 million), and the SCORE program ($7.14 million).
Community Development Financial Institutions (CDFI) Fund: The bill provides $233 million, an increase of $12 million (5.4%) above the fiscal year 2012 enacted level of $221 million. The recommendation will continue critical seed funding that generates private investor confidence to support community development projects in our nation?s communities that are unserved or underserved by traditional financial institutions, including affordable housing developments, retail developments, community facilities such as day care centers, and small business loans. The recommendation includes $12 million for native CDFIs, $25 million for a healthy foods initiative, $20 million for the Bank On USA program, $18 million for the Bank Enterprise Awards program, and $2 million to enhance the CDFI Fund's efforts to build the capacity of CDFIs to support entrepreneurial development, including small dollar lending. The bill also provides the authority for the CDFI program to administer the Bond Guarantee Program.
Treasury, Other: The bill provides $1.1 billion for other Treasury programs, including terrorism and financial intelligence programs, administration of federal disbursements such as Social Security payments, and the Special Inspector General for TARP. The recommended level is $25 million (2%) below the fiscal year 2012 enacted level due to identified efficiency savings.
Federal Communications Commission (FCC): The bill provides $347.8 million for the FCC, including $9.75 for the FCC Inspector General. The recommendation is $7.9 million (2.3%) above the fiscal year 2012 enacted level. The recommendation also authorizes the FCC to retain up to $99 million from auction proceeds to administer spectrum auctions and implement new legislation related to spectrum auctions.
Federal Trade Commission (FTC): The bill provides $300 million for the FTC, a decrease of $11.6 million (3.7%) to the fiscal year 2012 enacted level due to the completion of a multi-year project. The recommendation fully funds the FTC's competition and consumer protection missions.
General Services Administration (GSA): The bill provides $56 million for construction and acquisition and $514.7 million for repair of federal buildings and courthouses.
Office of National Drug Control Policy (part of the Executive Office of the President): The bill provides $391.6 million, an increase of $34.4 million (8.8%) above the fiscal year 2012 enacted level and $49.6 million (12.7%) above the budget request. For the High Intensity Drug Trafficking Areas (HIDTA) program, $238.5 million is provided, which is the same as the fiscal year 2012 enacted level and $38.5 million above the budget request. For the Drug-Free Communities Program, $95.1 million is provided, which is $3.1 million above the fiscal year 2012 enacted level and $6.5 million above the request.
The Judiciary: The bill provides $7.16 billion in mandatory and discretionary funding for the Federal Courts, an increase of $194 million (2.7%) above the fiscal year 2012 enacted level and $24.6 million (0.3%) below the budget request. The requested increases are primarily for the Courts' mandatory programs, increased rental payments, and base requirements.
District of Columbia: The bill provides $676 million in Federal payments for designated purposes, an increase of $10.5 million above the fiscal year 2012 enacted level. Of the recommended Federal payments, $530 million (80%) is for the salaries and expenses of the local courts, defender services, and pre-trial and post-conviction offender supervision, all of which are fully dependent on Federal funds for their operations and independent of local government. The amount designated for the District government is $131 million, of which $88.6 million (67%) is for education-related functions (school improvement and D.C. Tuition Assistance Grants for post-secondary education). In addition, the bill includes $15 million for the D.C. Water and Sewer Authority Clean Rivers initiative, identical to the amount provided for fiscal year 2012.
Election Assistance Commission (EAC): The bill provides $11.5 million, the same as both the fiscal year 2012 enacted level and the budget request.
National Archives and Records Administration (NARA): The bill provides $371.8 million, including $5 million for the National Historical Publications and Records Commission grants program.
Office of Government Ethics (OGE): The bill provides $20.164 million, an increase of $6.5 million (48%) above the fiscal year 2012 enacted level to help address OGE's expanded responsibilities to develop and deploy a centralized searchable and sortable public database of Executive Branch financial disclosure reports as required by the recently-enacted STOCK Act.