OEA Funding Would Rise $31M under Senate Bill

Fiscal year 2012 funding for the Office of Economic Adjustment (OEA) would climb by $31 million over last year’s allocation, under the defense spending bill the Senate Appropriations Committee approved last month.

OEA would receive $81.8 million, matching the administration’s budget request. House and Senate appropriators will need to reconcile the agency’s funding level when they hash out an omnibus spending measure for FY 2012, however, as the spending bill the House approved in July recommends $91.8 million in spending for OEA.

OEA received $50.8 million last year under the spending compromise Congress reached in April.

Overall, the Senate’s measure recommends $513 billion in non-emergency defense spending for the current year, freezing spending at FY 2011 levels. That top line figure is $25.9 billion lower than the president’s FY 2012 request and $17 billion lower than the funding level approved by the House.

Dan Cohen
Dan Cohen

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