The House appropriations committee voted to cut $90 million from President Barack Obama’s proposed 2010 budget for the Corporation for National and Community Service (CNCS) on Friday–reducing the budget for CNCS from $1.5 billion to $1.06 billion.

The agency, which operates AmeriCorps, will still receive $169 million more than in 2009, according to a press release from the House.

Coupled with funds from the Recovery Act, the CNCS budget will increase the number of AmeriCorps members by 15,000 volunteers (from 74,000 to nearly 89,000) and the number of Senior Volunteers by more than 9,000.

The Social Innovation Fund was trimmed to $35 million to support 2,000 students participating in the new Summer of Service program.

The president had asked Congress for $50 million in venture capital designed to find “new solutions to old problems,” according to the White House Briefing Room blog explaining the fund.

“The idea is simple,” said Michelle Obama at the  TIME 100 Most Influential People Awards in May. “To find the most effective programs out there and then provide the capital needed to replicate their success in communities around the country that are facing similar challenges. By focusing on high-impact, result-oriented nonprofits, we will ensure that government dollars are spent in a way that is effective, accountable, and worthy of public trust.”

The full House is slated to vote on the committee’s proposal, part of the 2010 Labor-HHS-Education Appropriations Bill and a crucial piece of legislation as 15 million Americans are out of work and the country sinks into the deepest crisis since the Great Depression.

A Senate Appropriations subcommittee will meet July 28 to consider a final bill.