Financial Services subcommittee advances FY2027 bill after rejecting Hoyer amendment to boost IRS enforcement funding
April 18, 2026 | Appropriations: House Committee, Standing Committees - House & Senate, Congressional Hearings Compilation, Legislative, Federal
This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »
The House Appropriations subcommittee advanced the Fiscal Year 2027 Financial Services and General Government appropriations bill after debate that included a high-profile amendment to boost Internal Revenue Service enforcement funding.
Chairman John Joyce (subcommittee context) described the measure as one that cuts roughly $1 billion from last year’s funding levels while prioritizing fiscal discipline and national security. Ranking Member Steny Hoyer offered an amendment to increase IRS enforcement funding by $1,837,616,000, telling colleagues the addition would restore enforcement to levels the subcommittee had previously funded and arguing enforcement yields revenue: "For every $1 of enforcement money you spend...you get $12 in return," Hoyer said.
Supporters of the amendment, including Rep. Ivey, said increased enforcement would improve fairness and compliance and that reductions at the Department of Justice tax division and shrinking enforcement capacity make IRS funding more important. Opponents said the amendment exceeded the subcommittee’s top line without a corresponding offset and argued the bill retains broad transfer authority giving IRS flexibility.
A recorded vote was held on the Hoyer amendment; after the clerk called the roll the amendment was not adopted with six ayes and nine nays. After additional business the committee moved to report the Financial Services and General Government bill to the full committee. Mr. Alford moved the bill be favorably reported; a recorded vote was requested and the clerk tallied nine ayes and six nays, and the bill was favorably reported to the full committee. The chair ordered staff to make technical and conforming changes and said copies of the bill and report with those changes would be delivered to full committee members three business days before the full committee markup.
Ranking Member Delauro and other Democrats criticized the bill’s cuts to agencies such as the Consumer Product Safety Commission and the Small Business Administration and warned that reductions to election security funding and other programs could have tangible consequences.
The subcommittee completed its business and adjourned after the recorded votes.
Chairman John Joyce (subcommittee context) described the measure as one that cuts roughly $1 billion from last year’s funding levels while prioritizing fiscal discipline and national security. Ranking Member Steny Hoyer offered an amendment to increase IRS enforcement funding by $1,837,616,000, telling colleagues the addition would restore enforcement to levels the subcommittee had previously funded and arguing enforcement yields revenue: "For every $1 of enforcement money you spend...you get $12 in return," Hoyer said.
Supporters of the amendment, including Rep. Ivey, said increased enforcement would improve fairness and compliance and that reductions at the Department of Justice tax division and shrinking enforcement capacity make IRS funding more important. Opponents said the amendment exceeded the subcommittee’s top line without a corresponding offset and argued the bill retains broad transfer authority giving IRS flexibility.
A recorded vote was held on the Hoyer amendment; after the clerk called the roll the amendment was not adopted with six ayes and nine nays. After additional business the committee moved to report the Financial Services and General Government bill to the full committee. Mr. Alford moved the bill be favorably reported; a recorded vote was requested and the clerk tallied nine ayes and six nays, and the bill was favorably reported to the full committee. The chair ordered staff to make technical and conforming changes and said copies of the bill and report with those changes would be delivered to full committee members three business days before the full committee markup.
Ranking Member Delauro and other Democrats criticized the bill’s cuts to agencies such as the Consumer Product Safety Commission and the Small Business Administration and warned that reductions to election security funding and other programs could have tangible consequences.
The subcommittee completed its business and adjourned after the recorded votes.
Don't Miss a Word: See the Full Meeting!
Go beyond summaries. Unlock every video, transcript, and key insight with a Founder Membership.
✓
Get instant access to full meeting videos
✓
Search and clip any phrase from complete transcripts
✓
Receive AI-powered summaries & custom alerts
✓
Enjoy lifetime, unrestricted access to government data
30-day money-back guarantee
