To provide for a limitation on availability of funds for Independent Agencies, Small Business Administration, Salaries and Expenses for fiscal year 2024.
Impact
The provisions of HB 2142 will have significant implications for the operations of Independent Agencies and the Small Business Administration. By capping their funding, the bill may require these agencies to make difficult choices regarding the services they provide and the programs they operate. This could affect vital support systems for small businesses, including loan programs, training, and technical assistance programs. There are concerns that a funding limit could hinder their ability to respond effectively to the needs of constituents and stifle economic growth.
Summary
House Bill 2142 seeks to impose a limitation on the funding available for Independent Agencies and the Small Business Administration for the fiscal year 2024. The proposed cap is set at a total of $267,500,000, which represents a strict restriction on the financial resources that these agencies can access. This limitation is part of a broader legislative effort aimed at controlling the budgeting process for federal agencies and ensuring fiscal responsibility. Supporters of the bill argue that it is necessary to rein in government spending and prioritize efficiency within federal operations.
Contention
Notable points of contention surrounding HB 2142 include debates over whether such funding restrictions could disproportionately impact the services and operations of the Small Business Administration, which plays a critical role in supporting the growth and sustainability of small businesses across the nation. Critics of the bill argue that limiting funding will reduce the capacity of these agencies to assist small businesses, particularly in times of economic uncertainty. Proponents contend that such measures are necessary for promoting fiscal discipline within government, suggesting that a well-regulated budget can ultimately lead to more effective governance.
To provide for a limitation on availability of funds for Independent Agencies, Small Business Administration, Business Loans Program Account for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Harry S. Truman Scholarship Foundation, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Small Business Administration, Office of Inspector General for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Election Assistance Commission, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Small Business Administration, Disaster Loan Program for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Securities and Exchange Commission, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, U.S. Federal Labor Relations Authority, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Office of Personnel Management, Salaries and Expenses for fiscal year 2024.