From the Congressional Glossary – Including Legislative and Budget Terms Budget and Accounting Act of 1921 Panel 1: The History of the 1921 and 1974 Budget Acts The Budget and Accounting Act of 1921 (Pub.L. 67-13, 42 Stat. 20–27) required for the first time that the president submit to Congress each year a … Read more
Advanced Federal Budget ProcessCurrent Budget Politics and the Federal Budget Process Who has the most to gain in the budgeting process? Where are you most effective? Where does your power lie in the budget process? Get an advanced understanding of the budget process. Learn how the federal budget process really works from faculty members with … Read more
Understanding Congressional Budgeting and AppropriationsFederal Budgeting in the Age of Deficits Who has the most to gain in the budgeting process? Where are you most effective? Where does your power lie in the budget process? This real-world overview of the congressional budget process explores basic congressional budget process concepts along with key players, their roles … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Deeming Resolution “Deeming resolution” is a term that refers to legislation deemed to serve as an annual budget resolution for purposes of establishing enforceable budget levels for a budget cycle. A deeming resolution is used when the House and Senate are late in reaching final … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Deflation / Inflation / Real Dollar Whip Inflation Now (WIN) Deflation: A sustained decrease in the general price level. Deflator: An index used to adjust a current dollar amount to its real dollar counterpart, that is, to remove the effects of inflation. Inflation: A rise … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Constituent / Case Work Constituent: A person who can or does elect a public official to office. A person eligible to vote for a candidate for a particular public office. A House member’s local offices (district offices) are located in the represented congressional district, and … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Permanent Appropriations Permanent Appropriations: Budget authority that becomes available as the result of previously enacted legislation (substantive legislation or prior appropriations act) and does not require current action by Congress. Budget authority is considered to be “current” if provided in the current session of Congress … Read more
As part of the Patient Protection and Affordable Care Act (ACA), P.L. 111-148, as amended, Congress enacted a “minimum coverage provision,” which compels certain individuals to have a minimum level of health insurance (i.e., an “individual mandate”). Individuals who fail to do so may be subject to a monetary penalty, administered through the tax code. … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Office of Information and Regulatory Affairs / OIRA The Office of Information and Regulatory Affairs (OIRA, pronounced “oh-eye-ruh”) is a federal office established by Congress in the 1980 Paperwork Reduction Act. It is part of the Office of Management and Budget (OMB), which is an … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Office of Management and Budget / OMB The core mission of OMB is to serve the president of the United States in implementing his vision across the executive branch. OMB is the largest component of the Executive Office of the President. It reports directly to … Read more