HRES 103119th CongressIn Committee

Providing amounts for the expenses of the Committee on Financial Services in the One Hundred Nineteenth Congress.

Introduced: Feb 4, 2025

Standard Summary

Comprehensive overview in 1-2 paragraphs

This House Resolution (H. Res. 103) authorizes the Committee on Financial Services to spend up to $22,407,000 for its expenses during the 119th Congress, including the salaries of all staff. The funding is divided into two equal annual periods: up to $11,203,500 for Jan 3, 2025 through Jan 2, 2026, and up to $11,203,500 for Jan 3, 2026 through Jan 2, 2027. Payments are to be made via vouchers approved by the Committee and signed by the Committee Chair, in accordance with rules set by the Committee on House Administration. This is a routine, procedural funding authorization drawn from the House’s committee salaries and expenses accounts, and the expenditures must comply with House Administration regulations.

Key Points

1Total funding: Not more than $22,407,000 for the Committee on Financial Services’ expenses in the 119th Congress (includes all staff salaries).
2Session-based limits: Not more than $11,203,500 for the period Jan 3, 2025 to Jan 3, 2026, and not more than $11,203,500 for Jan 3, 2026 to Jan 3, 2027.
3Payment method: Expenditures paid on vouchers authorized by the Committee, signed by the Committee Chair, and approved under rules directed by the Committee on House Administration.
4Regulations: Amounts must be spent in accordance with regulations prescribed by the Committee on House Administration.
5Scope of funding: Covers expenses of all staff salaries and related committee expenses, funded from the House’s committee salaries and expenses accounts.

Impact Areas

Primary group/area affected: Staff and operations of the House Committee on Financial Services (salaries, staffing, and day-to-day committee activities such as hearings, briefings, and reports).Secondary group/area affected: House Administration’s oversight and enforcement of rules governing committee expenditures; potential indirect effects on how the committee allocates and manages its budget and resources.Additional impacts: Provides funding continuity for the committee’s work in the 119th Congress; ensures compliance with procedural requirements for approvals and vouchers, reducing financial disruption to committee activities. This is a budgetary/administrative measure rather than a change in policy or law.

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