The Financial Services and General Government (FSGG) appropriations bill includes funding for the Department of the Treasury (Title I), the Executive Office of the President (EOP, Title II), the judiciary (Title III), the D istrict of Columbia (Title IV), and more than two dozen independent agencies (Title V). The bill typically funds mandatory retirement accounts in Title VI, which also contains additional general provisions applying to the funding provided agencies funds through the FSGG bill. Title VII contains general provisions applying government-wide. The House and Senate FSGG bills fund the same agencies, with one exception. The Commodities and Futures Trading Commission (CFTC) is funded through the Agriculture appropriations bill in the House and the FSGG bill in the Senate. This structure has existed in its current form since the 2007 reorganization of the House and Senate Committees on Appropriations. Although financial services are a major focus of the bills, FSGG appropriations bills do not include many financial regulatory agencies, which are instead funded outside of the appropriations process. On February 2, 2015, President Obama submitted his FY2016 budget request, which sought a total of $46.8 billion for agencies funded through the FSGG appropriations bill, including $322 million for the Commodity Futures Trading Commission (CFTC). On July 9, 2015, the House Committee on Appropriations (hereinafter "the House committee") reported the Financial Services and General Government Appropriations Act, 2016 ( H.R. 2995 , H.Rept. 114-194 ). H.R. 2995 as reported would have provided $41.6 billion for agencies funded through the House FSGG Appropriations Subcommittee bill. The House FY2016 Agriculture appropriations bill ( H.R. 3049 , H.Rept. 114-205 ) would have provided $245 million for the CFTC. Total FY2016 funding in the two House bills would have been $41.8 billion, about $4.9 billion below the President's FY2016 request. On July 30, 2015, the Senate Committee on Appropriations reported the Financial Services and General Government Act, 2016 ( S. 1910 , S.Rept. 114-97 ). S. 1910 would have appropriated $42.1 billion for FY2016, about $4.7 billion below the President's request. Neither FSGG appropriations bill was considered on the floor prior to the end of FY2015. On September 30, 2015, H.R. 719 , a continuing resolution (CR) for FY2016, was signed into law by the President ( P.L. 114-53 ). The CR generally provided budget authority for ongoing projects and activities at the rate they were funded during FY2015. Most projects and activities funded in the P.L. 114-53 were subject to an across-the-board decrease of less than 1% (0.2108%). The FSGG section of the CR also included a small number of provisions that designate exceptions to the formula and purpose for which any referenced funding is extended (referred to as anomalies ). The FSGG anomalies included in P.L. 114-53 were as follows: Section 124—District of Columbia Local Funds . This section provided the authority for the District of Columbia to expend local funds (from local tax revenues and other non-federal sources) for programs and activities funded in FY2015 at the rate set forth in the DC FY2016 Budget Request Act of 2015. Section 125—Recovery Board : Section 125 provided that no funds be included in the CR for the Recovery Accountability and Transparency Board, which was established by the American Recovery and Reinvestment Act (ARRA) to provide oversight and transparency in the expenditure of ARRA funds. The board was funded through the Financial Services and General Government appropriations bill for the first time in FY2012. Before then, the board was funded by now-exhausted ARRA appropriations. The board received appropriations of $20 million for FY2014 and $18 million for FY2015 but was slated to sunset on September 30, 2015. Section 126—Small Business Administration : This provision authorizes the apportionment of appropriations that are provided by the CR up to the rate that is necessary to allow the Small Business Administration (SBA) to continue issuing general business loans under the 7(a) loan guaranty program if "increased demand for commitments" exceeds the program's fiscal year authorization ceiling, which is currently $23.5 billion. On July 23, 2015, for just the second time since the agency began operations in 1953, the SBA suspended the consideration of 7(a) loan guaranty program applications because the demand for 7(a) loans was projected to exceed the program's then-$18.75 billion FY2015 authorization ceiling. The SBA resumed issuing 7(a) loans on July 28, 2015, following enactment of the Veterans Entrepreneurship Act of 2015, which increased the 7(a) loan guaranty program's FY2015 authorization ceiling to $23.5 billion. Previous CRs had increased the 7(a) loan program's authorization ceiling to a specified amount to reduce the likelihood that the demand for commitments would exceed the ceiling. For example, the Continuing Appropriations Resolution, 2015 ( P.L. 113-164 ) increased the ceiling from $17.5 billion to $18.5 billion, and the Consolidated and Further Continuing Appropriations Act, 2015 ( P.L. 113-235 ) increased the ceiling to $18.75 billion. This appears to be the first time that a CR anomaly has not specified a ceiling amount. Section 127—Internet Tax Freedom Act : Section 127 extended a moratorium preventing state and local governments from taxing Internet access or imposing multiple or discriminatory taxes on electronic commerce. The moratorium was originally enacted as the Internet Tax Freedom Act (ITFA) in 1998. The 113 th Congress enacted multiple extensions of ITFA. The Internet tax moratorium and grandfather clause were set to expire on November 1, 2014, but the Continuing Appropriations Act, 2014 ( P.L. 113-46 ) extended them through December 11, 2014. P.L. 113-235 then further extended these provisions through September 30, 2015. The Consolidated Appropriations Act, 2016 ( P.L. 114-113 ), discussed further below, made the IFTA moratorium permanent. To avoid a lapse in annual appropriations prior to the expiration of continuing appropriations, two more continuing resolutions were enacted. P.L. 114-96 continued funding through December 16, 2015, and P.L. 114-100 continued funding through December 22, 2015, under the same provisions established in the first CR. The Consolidated Appropriations Act, 2016 ( P.L. 114-113 / H.R. 2029 ) was passed by the House and Senate and signed by the President on December 18, 2015. The FSGG appropriations were included as Division E, whereas the CFTC was funded by the Agriculture appropriations in Division A. The total provided for FSGG agencies for FY2016, including the CFTC, was $44.8 billion, about $2 billion below the President's request. Division O of P.L. 114-113 also included some provisions relating to financial regulators that had appeared in the Senate FSGG bill. Table 1 reflects the status of FSGG appropriations measures at key points in the appropriations process. Table 2 lists FSGG agencies' enacted amounts for FY2015, the President's FY2016 request, the FY2016 amounts from H.R. 2995 as reported by the House Committee on Appropriations, the FY2016 amounts from S. 1910 as reported by the Senate Committee on Appropriations, and the enacted amounts from P.L. 114-113 . Although financial services are a focus of the FSGG bill, the bill does not actually include funding for the regulation of much of the financial services industry. Financial services as an industry is often subdivided into banking, insurance, and securities. Federal regulation of the banking industry is divided among the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), the Office of Comptroller of the Currency (OCC), and the Bureau of Consumer Financial Protection (generally known as the Consumer Financial Protection Bureau, or CFPB). In addition, credit unions, which operate similarly to many banks, are regulated by the National Credit Union Administration (NCUA). None of these agencies receives its primary funding through the appropriations process, with only the FDIC inspector general and a small program operated by the NCUA currently funded in the FSGG bill. Insurance generally is regulated at the state level with some oversight at the holding company level by the Federal Reserve. There is a relatively small Federal Insurance Office (FIO) inside of the Treasury, which is funded through the Departmental Offices account, but FIO has no regulatory authority. Federal securities regulation is divided between the SEC and the CFTC, both of which are funded through appropriations. The CFTC funding is a relatively straightforward appropriation from the general fund, whereas the SEC funding is provided by the FSGG bill, but then offset through fees collected by the SEC. Although funding for many financial regulatory agencies may not be provided by the FSGG bill, legislative provisions that would affect some of these agencies have often been included. Both House and Senate bills would have changed the funding procedure for the CFPB, with future funding to be provided by congressional appropriations rather than the current situation in which primary CFPB funding is provided through unappropriated funds transferred from the Federal Reserve. The Senate bill also included the full text of S. 1484 , a broad financial regulatory reform bill that was previously reported by the Senate Committee on Banking, Housing, and Urban Affairs. Many provisions of S. 1484 amend the Dodd-Frank Act and some have proven controversial in the past. P.L.