On January 31, 2007, the United States House of Representatives approved a joint continuing appropriations resolution (H.J. Res. 20) that includes $348.5 million for LSC in FY 2007. The sub-accounts will be decided on in the near future.

The resolution will now go to the Senate for action, before being sent to the President for final approval.

An FY 2007 appropriation of $348.5 million would be LSC's first budget increase since FY 2003, when LSC received $7.3 million more than in FY 2002, and would be LSC's largest appropriation since 1995, when LSC received $400 million.

The funding level contained in the resolution represents an approximate mid-point between the $338.8 million approved by the House for LSC in FY 2007, and the $358.5 million approved by the Senate Appropriations Committee. The full Senate did not act on the bill containing LSC's appropriation before the 109th Congress adjourned.

LSC is currently operating at FY 2006 levels, which total $326.5 million, under a continuing appropriations resolution that expires on February 15, 2007.