Congress passed a Continuing Resolution (CR) that President Barack Obama signed on December 11 to keep the federal government operating until December 16. This is the second CR since the 2016 fiscal year began on October 1, funding federal agencies at FY15 levels. Appropriations leadership hopes to release an omnibus spending bill, including HUD and USDA spending levels, on Monday, December 14.
None of the twelve federal appropriations bills have been enacted for FY16 as Congress has grappled with how to resolve funding and policy differences. Policy riders on Syrian refugees, repeal of some Dodd-Frank provisions, lifting of the ban on gun violence research, and other controversial issues have delayed agreement on a final bill.
Reportedly, an amendment to prevent the U.S. government from selling its stock in Fannie Mae and Freddie Mac for two years also is under consideration. If passed, this measure would effectively keep Fannie and Freddie in conservatorship for at least two more years.
Congress hopes to adjourn for the year by December 18 with little appetite for staying in Washington the week of Christmas.
As soon as an omnibus spending bill is released, NLIHC will provide details to our members.