Budget Enforcement Act

Balanced Budget and Emergency Deficit Control Act of 1985, aka Gramm-Rudman-Hollings (GRH) (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Balanced Budget and Emergency Deficit Control Act of 1985, aka Gramm-Rudman-Hollings (GRH)   President Reagan’s Remarks to Congressional Supporters for a Balanced Budget on December 18, 1985   Also known as the Deficit Control Act, originally known as Gramm-Rudman-Hollings. Among other changes to the budget … Read more

Offsetting Receipts (CongressionalGlossary.com)

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

Offsetting Collections (CongressionalGlossary.com)

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

Sequester / Sequestration (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Sequester / Sequestration photo credit: pheezy The cancellation of budgetary resources pursuant to the Budget Enforcement Act of 1990. If canceled, sequestration funds will not be available for obligation or expenditure. Sequestration may occur in response to the enactment of appropriations that cause a breach … Read more