Tag: RS20175

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 […]

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 […]

OMB Circular No. A-11 (CongressionalGlossary.com)

OMB Circular No. A-11 (CongressionalGlossary.com)

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 […]

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 […]