Quick Hit – April 20, 2016

What Happened Yesterday?

In the House…

The House Armed Services Committee (HASC) released the six subcommittee (Emerging Threats and Capabilities, Readiness, Military Personnel, Tactical Air and Land Forces, Seapower and Projection Forces, and Strategic Forces) markup bills for the FY17 National Defense Authorization Act (NDAA). The full committee markup will be released by Chairman Mac Thornberry on Monday.

Here’s What We Know

  • Army’s authorized troops were increased by 5,000 to total 480,000 for next year
  • Requested funding for extra fighters (14 F/A 18 and 11 F-35) are expected to be included in the final markup
  • Navy ships will increase and proposed cuts to Pentagon budget delayed
  • Military payroll increase
  • More funding for Army helicopter programs
  • Restart production of F-22 fighters

What Does It Mean?

  • Subcommittee markups look good for defense contractors
  • Nothing in terms of the budget…there is still no topline budget agreement
  • Hard to tell the full picture until Monday, many provisions have still not been released (ex. Healthcare reform for military personnel)

*Side note* The Senate will start its version of the FY17 NDAA the week of May 9

In the Senate…

FY17 Commerce, Justice, Science and Related Agencies (CJS) Spending Bill Approved in Subcommittee

Breakdown:

  • $56.3 billion total spending
  • $563 million above FY16 level
  • $1.6 billion over budget request
  • Full Committee review on Thursday

FY17 Transportation, Housing and Urban Development, and Related Agencies (THUD) Appropriations Spending Bill Approved in Subcommittee

Breakdown:

  • $56.5 billion total spending
  • $827 million below FY16 level
  • $2.9 billion below budget request
  • Full Committee review on Thursday

What’s Happening Today?

In the House…

Hearing: Senate Budget Committee – “Fixing the Broken Budget Process and Restoring Stability to Government Operations”

Markup: House Appropriations Committee Legislative Branch Subcommittee – FY17 Legislative Branch Appropriations Act

In the Senate…

Hearing: Senate Appropriations Committee Interior, Environment, and Related Agencies Subcommittee on FY17 budget and EPA funding

Hearing: Senate Appropriations Committee Defense Subcommittee on FY17 budget, funding for defense innovation & research

On Thursday?

In the House…

Closed Hearing: House Appropriations Committee Defense Subcommittee on Intelligence Community budget

In the Senate…

Markup: Senate Appropriations Committee on FY17 CJS and THUD proposals

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