Asked by Emily Espinal on May 30, 2024
Verified
What was the significance of the Budget and Impoundment Control Act of 1974?
Budget
A financial plan outlining expected revenue and expenditure over a specified period, often used by businesses, individuals, and governments to manage resources.
Impoundment Control Act
A 1974 U.S. law designed to restrict the power of the President to impound funds appropriated by Congress, ensuring that authorized funds are spent.
- Familiarize oneself with the importance and criticisms of the committee system and its repercussions on the enactment of legislation.
Verified Answer
FM
Fernanda MorenoJun 03, 2024
Final Answer :
Students' answers may vary.
It reasserted congressional authority in budget making by creating new budget committees and the Congressional Budget Office, and requiring annual timelines for the budgetary process.
It reasserted congressional authority in budget making by creating new budget committees and the Congressional Budget Office, and requiring annual timelines for the budgetary process.
Learning Objectives
- Familiarize oneself with the importance and criticisms of the committee system and its repercussions on the enactment of legislation.