The Budget Control Act of 2011, CRS Report R41965, August 19, 2011 (52-page PDF) Budget “Sequestration” and Selected Program Exemptions and Special Rules, CRS Report R42050, June 13, 2013 (35-page PDF) The Budget Control Act of 2011: Budgetary Effects of Proposals to Replace the FY2013 Sequester, CRS Report R42675, November 9, 2012 (15-page PDF) The … 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 Congressional Budget Office / CBO Introduction to the Congressional Budget Office The Congressional Budget Office (CBO) and Government Accountability Office (GAO) principally serve congressional committees with a variety of reports. The Congressional Budget Office assists Congress in understanding the economic and fiscal environment … Read more
From the Congressional Glossary – Including Legislative and Budget Terms OMB Circular No. A-11 Johnny Paycheck singing A-11 OMB Circular A-11, updated annually, instructs agencies how to prepare their budget submissions. Provides detailed guidance to executive departments and establishments by the Office of Management and Budget (OMB) for preparing and submitting … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Deferral Any executive branch action or inaction that temporarily withholds, delays, or effectively precludes the obligation or expenditure of budgetary resources. The president reports deferrals to Congress by special message. They are not identified separately in the budget. Deferral: Executive branch action to defer, or … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Congressional Budget and Impoundment Control Act of 1974 The 1974 Congressional Budget and Impoundment Control Act (Pub.L. 93-344, 88 Stat. 297, July 12, 1974) 2 U.S.C. Chapter 17A, Congressional Budget and Fiscal Operations) requires the House and Senate each year to adopt a concurrent resolution … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Off-Budget / Off-Budget Entities / On-Budget Entities David Certner: Social Security as an off-budget program Off-budget: Those budgetary accounts (either federal or trust funds) designated by law as excluded from budget totals. As of 2005, the revenues and outlays of the two Social … Read more
From the Congressional Glossary – Including Legislative and Budget Terms On-Budget photo credit: neelaka All budgetary accounts other than those designated by law as off-budget. On-budget entities are federal agencies and programs that are fully reflected in the totals of the president’s budget and the congressional budget resolution. Also see Nonbudgetary; Off-Budget / Off-Budget Entities … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Budget Process Established by the Congressional Budget and Impoundment Act of 1974, the budget process refers to the steps necessary for adoption of a concurrent resolution on the budget, thereby creating the framework for consideration of appropriations bills and authorizing legislation. The Joint Select Committee … Read more