Appropriations Subcommittee Approves Fiscal Year 2023 Financial Services and General Government Funding Bill

The House Appropriations Subcommittee on Financial Services and General Government today approved by voice vote its fiscal year 2023 bill. For fiscal year 2023, the bill includes $29.8 billion in funding, an increase of $4.3 billion (17 percent) over fiscal year 2022. The bill provides annual funding for certain federal agencies, including the Federal Communications Commission. The bill includes $390 million for the FCC, an increase of $8 million above the FY 2022 enacted level, to support efforts to expand broadband access, improve the security of US telecommunications networks and administer COVID-19 relief programs.