House GOP Seeks Less Money for IRS, SEC in Funding Bill (1)

House Republicans plan to cut funding for the Internal Revenue Service, the Securities and Exchange Commission, and for federal property, releasing a funding bill Sunday that Democrats promised to oppose.

The House Appropriations Committee released its fiscal 2026 Financial Services and General Government bill ahead of a planned subcommittee markup on Monday. The bill would cut budgets for the Treasury Department and other financial agencies.

Democrats slammed the bill, signaling an unsurprising partisan divide in a year when funding negotiations have moved slowly. Lawmakers face a Sept. 30 deadline to avoid a shutdown. They often rely on a stopgap measure ...