H.R.es103 - Providing amounts for the expenses of the Committee on Financial Services in the One Hundred Nineteenth Congress. (119th Congress)
Summary
H.Res.103 allocates funds for the expenses of the House Committee on Financial Services for the 119th Congress. The resolution specifies that no more than $22,407,000 shall be paid from the House of Representatives accounts for committee salaries and expenses. The funds are divided into two equal portions for the periods of January 3, 2025, to January 3, 2026, and January 3, 2026, to January 3, 2027.
Expected Effects
This resolution ensures that the Committee on Financial Services has the financial resources to operate and conduct its oversight and legislative functions. It allows the committee to pay staff salaries and cover other necessary expenses. The committee can continue its work related to financial services.
Potential Benefits
- Enables the Committee on Financial Services to conduct its legislative and oversight responsibilities.
- Provides funding for staff salaries, ensuring the committee can attract and retain qualified personnel.
- Supports the committee's ability to investigate and address issues related to financial services.
- Facilitates informed decision-making on financial matters by providing resources for research and analysis.
- Contributes to the stability and effectiveness of the financial system through committee oversight.
Potential Disadvantages
- The allocation of funds could be perceived as excessive by some, especially if the committee's activities are not seen as productive.
- The funds could be used inefficiently or mismanaged, leading to a waste of taxpayer money.
- The focus on financial services may come at the expense of other important areas that require congressional attention.
- The resolution does not specify how the funds will be used, potentially allowing for discretionary spending that is not in the public interest.
- There is no guarantee that the committee's work will lead to positive outcomes for the American people.
Constitutional Alignment
The resolution aligns with Article I, Section 8 of the US Constitution, which grants Congress the power to lay and collect taxes, duties, imposts, and excises, to pay the debts and provide for the common defense and general welfare of the United States. The allocation of funds for committee expenses falls under the necessary and proper clause, allowing Congress to enact laws necessary for carrying out its enumerated powers. The resolution also adheres to the principle of legislative authority vested in Congress, as outlined in Article I, Section 1.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).