Tag: OMB

Baseline / Baseline Budgeting / Scorekeeping (CongressionalGlossary.com)

Baseline / Baseline Budgeting / Scorekeeping (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Baseline / Baseline Budgeting / Scorekeeping   Dan Mitchell Discussing Dishonest Budget Numbers with John Stossel   Baseline: Projection of future revenues, budget authority, outlays, and other budget amounts under assumed economic conditions and participation rates without a change in current policy. The Congressional Budget […]

Budget and Accounting Act of 1921 (CongressionalGlossary.com)

Budget and Accounting Act of 1921 (CongressionalGlossary.com)

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 […]

Executive Branch (CongressionalGlossary.com)

Executive Branch (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Executive Branch   EXECUTIVE BRANCH – Cram for the Exam   The president is the head of the executive branch of the government, which includes many departments and agencies. The power of the Executive Branch is vested in the President of the United States, who […]

Permanent Appropriations (CongressionalGlossary.com)

Permanent Appropriations (CongressionalGlossary.com)

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 […]

Office of Information and Regulatory Affairs / OIRA (CongressionalGlossary.com)

Office of Information and Regulatory Affairs / OIRA (CongressionalGlossary.com)

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 […]

Office of Management and Budget / OMB (CongressionalGlossary.com)

Office of Management and Budget / OMB (CongressionalGlossary.com)

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 […]

Government Accountability Office / GAO / Comptroller General (CongressionalGlossary.com)

Government Accountability Office / GAO / Comptroller General (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Government Accountability Office / GAO / Comptroller General The U.S. Government Accountability Office (GAO) is an independent, nonpartisan legislative agency that works for Congress. Often called the “congressional watchdog,” GAO investigates how the federal government spends taxpayer dollars. The head of GAO, the Comptroller General […]

Rules (CongressionalGlossary.com)

Rules (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Rules The term “rules” has two specific congressional meanings. A rule may be a standing order governing the conduct of House or Senate business that is listed among the permanent rules of either chamber. The rules deal with duties of officers, the order of business, […]

Proprietary Receipts from the Public (CongressionalGlossary.com)

Proprietary Receipts from the Public (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Proprietary Receipts from the Public photo credit: mattcameasarat Collections from outside the government that are deposited in receipt accounts that arise as a result of the government’s business-type or market-oriented activities. Among these are interest received, proceeds from the sale of property and products, charges […]