On June 18, the House Appropriations Subcommittee on Financial Services and General Government approved, by voice vote, the FY2015 Financial Services and General Government spending bill (as-yet-unnumbered).
According to the committee summary, the measure would provide $21.3 billion in funding for FY2015. This amount is $566 million below FY2014 and $2.3 billion below President Obama’s FY2015 budget request.
The legislation includes $862 million for the Small Business Administration (SBA), which is $68 million below the amount provided in FY2014. Within the amount allocated for the SBA, the bill would provide $115 million for Small Business Development Centers and $15 million for Women’s Business Centers.
The measure also would prohibit the use of funds for abortion services in the Federal Employees Health Benefits program.
Additional details will be made available once the committee releases its report.
