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Steny Hoyer: “The community development Financial Institutions Fund…”

Featuring: Steny Hoyer, Democratic | U.S. House Maryland, 5th Congressional District

Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill

Published April 21, 2026 | Video Starts at 06:05

The Bureau of Fiscal Services is a Treasury which ensures the timely payment of Social Security, Medicare and Medicaid funds would be cut by 9.2%. The community development Financial Institutions Fund... will see a 14.6% of its budget going under this bill. It isn't just this bill that is flawed though. It's been the process secretive to the extent that we have only had one agency testify in front of our committee. (06:05–06:17)

CLAIM

Asserts that the community development Financial Institutions Fund faces a 14.6% budget cut.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Steny Hoyer

“The Draconian cuts [to] the IRS with an 8.5% reduction overall and a 28% cut to enforcement.”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 02:00-02:10
“The size of the tax gap... over a decade approached nearly $7 trillion.”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 02:30-02:45
“The bill guts the Election Assistance Commission by a whopping 45%.”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 03:17-03:23
“The FSGG bill falls far short [of sufficiently resourcing the agencies and the judiciary].”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 01:12-01:19
“It cuts the District of Columbia by 9.8%.”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 03:44-03:49
“The Small Business Administration... faces a 23% cut.”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 05:22-05:33
“The Bureau of Fiscal Services... would be cut by 9.2%.”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 05:55-06:06
“No hearing for OMB director vote.”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 07:14-07:18
“No hearing with gsa.”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 07:17-07:20
“No hearing with the White House.”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 07:19-07:22
“No hearing with the irs.”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 07:21-07:23
“Not a single regulatory commission under our aegis has testified on their bills.”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 07:23-07:30
“The fallback position has been to cut the ability of our agencies and committees and commissions to do their job.”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 07:37-07:48
“This bill is merely a pretense, a placeholder until the Senate acts.”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 08:17-08:24
“It sets up for disagreement with the Senate and yet another late in the year, cr or worse, another shutdown.”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 08:26-08:33
“There was an error in the House when we tried to deliver bipartisan on time appropriations.”
Ranking Member Hoyer Remarks at Full Committee Markup of the FY 2027 FSGG Bill | Uploaded April 21, 2026 | 08:46-08:52