Womack Votes to Strengthen U.S. Financial Institutions and Regulatory Agencies

WASHINGTON, D.C. - April 22,2026… Congressman Steve Womack (AR-3) today voted in support of the Fiscal Year (FY) 2027 Financial Services and General Government (FSGG) Appropriations bill that advanced out of the House Appropriations Committee.

This bill allocates $25.3 billion in discretionary spending to fund the Department of the Treasury, the Federal Judiciary, the Federal Communications Commission (FCC), the Federal Trade Commission (FTC), the Securities and Exchange Commission (SEC), the Small Business Administration (SBA), and related agencies.

Congressman Womack said, "Our nation's financial system, as well as the rules and regulations that govern how businesses-both small and large-operate, should benefit American consumers and maximize taxpayer dollars. This package accomplishes this goal and is further strengthened by provisions that ensure that the Lower 900 MHz Band of spectrum can continue to be used by devices critical to public safety and supply chain logistics. As the former Chairman of the Financial Services and General Government Appropriations Subcommittee, I commend Chairman Joyce for his leadership in crafting this bill and look forward to voting for it on the House floor."

During the full committee markup, Congressman Womack spoke in support of an amendment to prevent the FCC from reconfiguring the Lower 900 MHz Band, or the portion of the 900-megahertz spectrum from 902-928 megahertz. Disrupting how this band of spectrum operates would negatively impact consumers and affect a wide range of licensed and unlicensed devices across industries such as supply chain logistics and public safety. The amendment was adopted.

Watch Congressman Womack's remarks HERE.

More bill highlights:

Promotes economic growth by:

• Supporting entrepreneurship and small business development programs at the SBA.
• Providing funding for the Community Development Financial Institutions (CDFI) Fund, which lends to small businesses, affordable housing developers, and similar endeavors.
• Safeguarding investors, consumers, and main street with a strong, nimble, and technology driven SEC.
• Protecting small businesses from burdensome and costly credit reporting mandates under the Equal Credit Opportunity Act (ECOA).

Bolsters U.S. national security by:

• Equipping the Treasury to adequately scrutinize investment by foreign adversaries; prevent cybersecurity threats; and block terrorists and criminals from using our financial system for their benefit.
• Investing in the High Intensity Drug Trafficking Area (HIDTA) program to strengthen interdiction efforts and stop narcotics from entering our borders and communities.

Ensures responsible use of taxpayer dollars by:

• Continuing to prohibit the IRS from targeting individuals for exercising their First Amendment rights.
• Prohibiting federal government funding of climate change initiatives and other green new scam-style mandates; DEI and critical race theory programs; abortions; and gender-transitioning treatments and procedures.

A summary of the bill is available HERE.

The bill text is available HERE.

Congressman Steve Womack (AR-3) has represented Arkansas's Third Congressional District since 2011. He is a member of the House Appropriations Committee.

womack.house.gov

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