Tag: IB89148

Deferral (CongressionalGlossary.com)

Deferral (CongressionalGlossary.com)

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 […]

Rescission (CongressionalGlossary.com)

Rescission (CongressionalGlossary.com)

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 […]

Line Item Veto (Item Veto) (CongressionalGlossary.com)

Line Item Veto (Item Veto) (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Line Item Veto (Item Veto) photo credit: Jordi Payà Whenever the president signs a bill or joint resolution, the president may cancel in whole (1) any dollar amount of discretionary budget authority, (2) any item of new direct spending, and (3) certain limited tax benefits. […]

Impoundments (CongressionalGlossary.com)

Impoundments (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Impoundments photo credit: oddsock Any action taken by the executive branch that delays or precludes the obligation or expenditure of budget authority appropriated by Congress. The Congressional Budget and Impoundment Control Act of 1974 was enacted after frequent use of impoundments by President Richard Nixon. […]