Budget and Accounting Act of 1921

by
This is a Non Profit Project. We don't collect personal data and we don't use cookies.

Contents

Budget and Accounting Act of 1921

Budget and Accounting Act of 1921 in the Federal Budget Process

Meaning of Budget and Accounting Act of 1921 in the congressional and executive budget processes (GAO source): Enhanced budgetary efficiency and aided in the performance of constitutional checks and balances through the budget process. It required the President to submit a national budget each year and restricted the authority of the agencies to present their own proposals. (See 31 U.S.C. §§ 1104, 1105.) With this centralization of authority for the formulation of the executive branch budget in the President and the newly established Bureau of the Budget (now the Office of Management and Budget (OMB)), Congress also took steps to strengthen its oversight of fiscal matters by establishing the General Accounting Office, renamed the Government Accountability Office (GAO) in 2004.

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)

Related pieces of legislation:

  1. Budget And Accounting Act, 1921
  2. Balanced Budget and Emergency Deficit Control Act of 1985
  3. Balanced Budget and Emergency Deficit Control Act of 1985
  4. Congressional Budget and Impoundment Control Act1974
  5. McCormick Act (Budget)
  6. Good-McCormick Act (Budget)
  7. Budget and Accounting Act
  8. General Accounting Office Act of 1979
  9. Budget Control Act
  10. Budget And Accounting Procedures Act Of 1950
  11. An Act to amend title 31 of the United States Code to provide for a transfer of control of the General Accounting Office Building and to improve the administration of the General Accounting Office
  12. An Act to amend title 31, United States Code, to provide for certain additional experts and consultants for the General Accounting Office, to provide for certain additional positions within the General Accounting Office Senior Executive Service, and for other purposes
  13. Accounting And Auditing Act Of 1950
  14. A joint resolution ratifying and affirming the report of January 15, 1986, of the Director of the Office of Management and Budget and the Director of the Congressional Budget Office with respect to fiscal year 1986
  15. Dye And Chemical Control Act, 1921
  16. Immigration Act Of 1921
  17. Revenue Act Of 1921
  18. Packers And Stockyards Act, 1921
  19. Budget Act
  20. Budget Enforcement Act

Leave a Comment