From the Congressional Glossary – Including Legislative and Budget Terms Agency Mission photo credit: IntelFreePress Agency Mission: Term used in section 1105(a)(22) of title 31 of the United States Code, which outlines content requirements for the President’s budget submission to Congress. Section 1105 requires that the President’s budget contain a statement of agency budget authority … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Rescission Panel 1: The History of the 1921 and 1974 Budget Acts Rescission: Cancellation of budget authority previously provided by Congress. Legislation enacted by Congress that cancels the availability of budget authority previously enacted before the authority would otherwise expire. The Impoundment Control … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Deferral of Budget Authority photo credit: anarchosyn An action by the executive branch that delays the obligation of budget authority beyond the point it would normally occur. Pursuant to the Congressional Budget and Impoundment Control Act of 1974, the President must provide advanced notice to … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Budget Act photo credit: phauly The common name for the Congressional Budget and Impoundment Act of 1974, which established the current budget process and created the Congressional Budget Office. The act also put limits on presidential authority to refuse to spend appropriated money. Titles I-IX … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Calendar of Business An agenda or list of business eligible for floor consideration. Each chamber decides which measures are discussed, and in what order, in accordance with its rules and practices. The Senate has two calendars, the Executive Calendar for treaties and nominations, and the … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Combined Statement of Receipts, Outlays, and Balances of the United States Government photo credit: Martin Cathrae The Department of the Treasury’s annual accounting of the (1) unified budget receipts activities of the federal government, which should be consistent with the aggregated custodial nonexchange revenues (before … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Offsetting Receipts Collections that are offset against gross outlays but are not authorized to be credited to expenditure accounts. Offsetting receipts are deposited in receipt accounts. Like offsetting collections, they result from (1) businesslike transactions or market-oriented activities with the public, (2) intragovernmental transfers, and … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Adjournment sine die photo credit: KalasMannen Final adjournment of an annual or two-year session of Congress. Adjournment without fixing a definite day for reconvening; literally “adjournment without a day.” A session can continue when, under the 20th Amendment to the Constitution, it automatically terminates. Both … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Refunds Improper Payments in State-Administered Programs: Medicaid Payments returned to the government that were made in error. They are credited to the appropriation originally charged. Either (1) the return of money that the government improperly collected or collected in excess of the amount … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Offsetting Collections photo credit: Seth Tisue Collections authorized by law to be credited to appropriation or fund expenditure accounts. They result from (1) businesslike transactions or market-oriented activities with the public, (2) intragovernmental transfers, and (3) collections from the public that are governmental in nature … Read more