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Congressional Budget and Impoundment Control Act1974

Congressional Budget and Impoundment Control Act of

1974 in the Federal Budget Process

Meaning of Congressional Budget and Impoundment Control Act of

1974 in the congressional and executive budget processes (GAO source): Established a process through which Congress could systematically consider the total spending policy of the United States and determine priorities for allocating budgetary resources. The process calls for procedures for coordinating congressional revenue and spending decisions made in separate tax, appropriations, and legislative measures. It established the House and Senate Budget Committees, the Congressional Budget Office (CBO), and the procedures for congressional review of impoundments in the form of rescissions and deferrals proposed by the President. (See also Budget Enforcement Act; Deferral of Budget Authority; Gramm-Rudman-Hollings; Impoundment; Rescission.)

Resources

See Also

Further Reading

  • Legislatures and the budget process: the myth of fiscal control

    (J Wehner, 2010)

  • Reconcilable Differences?: Congress, the Budget Process, and the Deficit (JB Gilmour, 1990)
  • Fiscal institutions and fiscal performance

    (JM Poterba, J von Hagen, 2008)



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  • Article Name: Congressional Budget and Impoundment Control Act1974
  • Author: J. L. Smith
  • Description: Congressional Budget and Impoundment Control Act of 1974 in the Federal Budget ProcessMeaning of Congressional Budget and [...]

This entry was last updated: October 23, 2016



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