Following House and Senate passage, President Biden signed the Continuing Resolution (CR) to fund agencies at current FY 2023 levels through either January 19, 2024, or February 2, 2024, depending on the agency. The SEC is funded through February 2.

Congress must now work in earnest to reach an agreement on FY 2024 funding levels as Speaker Mike Johnson (R-LA) announced that he will not pass another short-term spending bill, raising the stakes for a shutdown given the fact that House Republicans continue to push for significant cuts to agency funding levels and controversial policy riders.

Although a shutdown was avoided today, we must remain engaged in this fight as work continues on Capitol Hill to provide full-year agency funding for the remainder of FY 2024 before the CR expires early next year.