Congressional Budget and Impoundment Control Act of 1974


 * Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

{{SECTION|SEC. 1.|SECTION 1}}. SHORT TITLES; TABLE OF CONTENTS.

 * (a) SHORT TITLES.—
 * This Act may be cited as the ``Congressional Budget and Impoundment Control Act of 1974´´. Titles I through IX may be cited as the ``Congressional Budget Act of 1974´´, and Title X may be cited as the ``Impoundment Control Act of 1974´´.


 * (b) TABLE OF CONTENTS.—
 * Sec. 1. Short Titles; Table of Contents.
 * Sec. 2. Declaration of Purposes.
 * Sec. 3. Definitions.


 * TITLE I — ESTABLISHMENT OF HOUSE AND SENATE BUDGET COMMITTEES
 * Sec. 101. Budget Committee of the House of Representatives.
 * Sec. 102. Budget Committee of the Senate.


 * TITLE II — CONGRESSIONAL BUDGET OFFICE
 * Sec. 201. Establishment of Office.
 * Sec. 202. Duties and Functions.
 * Sec. 203. Public Access to Budget Data.


 * TITLE III — CONGRESSIONAL BUDGET PROCESS
 * Sec. 300. Timetable.
 * Sec. 301. Adoption of First Concurrent Resolution.
 * Sec. 302. Matters to be Included in Joint Statement of Managers; Reports by Committees.
 * Sec. 303. First Concurrent Resolution on the Budget must be Adopted before Legislation Providing New Budget Authority, New Spending Authority, or Changes in Revenues or Public Debt Limit is Considered.


 * Sec. 304. Permissible Revisions of Concurrent Resolutions on the Budget.
 * Sec. 305. Provisions Relating to the Consideration of Concurrent Resolutions on the Budget.
 * Sec. 306. Legislation Dealing with Congressional Budget must be Handled by Budget Committees.
 * Sec. 307. House Committee Action on All Appropriation Bills to be Completed Before First Appropriation Bill is Reported.
 * Sec. 308. Reports, Summaries, and Projections of Congressional Budget Actions.
 * Sec. 309. Completion of Action on Bills Providing New Budget Authority and Certain New Spending Authority.
 * Sec. 310. Second Required Concurrent Resolution and Reconciliation Process.
 * Sec. 311. New Budget Authority, New Spending Authority, and Revenue Legislation must be Within Appropriate Levels.


 * TITLE IV — ADDITIONAL PROVISIONS TO IMPROVE FISCAL PROCEDURES
 * Sec. 401. Bills Providing New Spending Authority.
 * Sec. 402. Reporting of Authorizing Legislation.
 * Sec. 403. Analysis by Congressional Budget Office.
 * Sec. 404. Jurisdiction of Appropriations Committees.


 * TITLE V — CHANGE OF FISCAL YEAR
 * Sec. 501. Fiscal Year to Begin October 1.
 * Sec. 502. Transition to New Fiscal Year.
 * Sec. 503. Accounting Procedures.
 * Sec. 504. Conversion of Authorizations of Appropriations.
 * Sec. 505. Repeals.
 * Sec. 506. Technical Amendment.


 * TITLE VI — AMENDMENTS TO BUDGET AND ACCOUNTING ACT, 1921
 * Sec. 601. Matters to be Included in President's Budget.
 * Sec. 602. Midyear Review.
 * Sec. 603. Five-Year Budget Projections.
 * Sec. 604. Allowances for Supplemental Budget Authority and Uncontrollable Outlays.
 * Sec. 605. Budget Data Based on Continuation of Existing Level of Services.
 * Sec. 606. Study of Off-Budget Agencies.
 * Sec. 607. Year-Ahead Requests for Authorization of New Budget Authority.


 * TITLE VII — PROGRAM REVIEW AND EVALUATION
 * Sec. 701. Review and Evaluation by Standing Committees.
 * Sec. 702. Review and Evaluation by the Comptroller General.
 * Sec. 703. Continuing Study of Additional Budget Reform Proposals.


 * TITLE VIII — FISCAL AND BUDGETARY INFORMATION AND CONTROLS
 * Sec. 801. Amendment to Legislative Reorganization Act of 1970.
 * Sec. 802. Changes in Functional Categories.


 * TITLE IX — MISCELLANEOUS PROVISIONS; EFFECTIVE DATES
 * Sec. 901. Amendments to Rules of the House.
 * Sec. 902. Conforming Amendments to Standing Rules of the Senate.
 * Sec. 903. Amendments to Legislative Reorganization Act of 1946.
 * Sec. 904. Exercise of Rulemaking Powers.
 * Sec. 905. Effective Date.
 * Sec. 906. Application of Congressional Budget Process to Fiscal Year 1976.


 * TITLE X — IMPOUNDMENT CONTROL
 * 
 * Sec. 1001. Disclaimer.
 * Sec. 1002. Amendment to Antideficiency Act.
 * Sec. 1003. Repeal of Existing Impoundment Reporting Provision.


 * 
 * Sec. 1011. Definitions.
 * Sec. 1012. Rescission of Budget Authority.
 * Sec. 1013. Disapproval of Proposed Deferrals of Budget Authority.
 * Sec. 1014. Transmission of Messages; Publication.
 * Sec. 1015. Reports by Comptroller General.
 * Sec. 1016. Suits by Comptroller General.
 * Sec. 1017. Procedure in House and Senate.

{{SECTION|SEC. 2.|SEC. 2}}. DECLARATION OF PURPOSES.

 * The Congress declares that it is essential—
 * (1) to assure effective congressional control over the budgetary process;
 * (2) to provide for the congressional determination each year of the appropriate level of Federal revenues and expenditures;
 * (3) to provide a system of impoundment control;
 * (4) to establish national budget priorities; and
 * (5) to provide for the furnishing of information by the executive branch in a manner that will assist the Congress in discharging its duties.

{{SECTION|SEC. 3.|SEC. 3}}. DEFINITIONS.

 * (a) IN GENERAL.—
 * For purposes of this Act—
 * (1) The terms ``budget outlays´´ and ``outlays´´ mean, with respect to any fiscal year, expenditures and net lending of funds under budget authority during such year.


 * (2) The term ``budget authority´´ means authority provided by law to enter into obligations which will result in immediate or future outlays involving Government funds, except that such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government.


 * (3) The term ``tax expenditures´´ means those revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability; and the term ``tax expenditures budget´´ means an enumeration of such tax expenditures.


 * (4) The term ``concurrent resolution on the budget´´ means—
 * (A) a concurrent resolution setting forth the congressional budget for the United States Government for a fiscal year as provided in section 301;


 * (B) a concurrent resolution reaffirming or revising the congressional budget for the United States Government for a fiscal year as provided in section 310; and


 * (C) any other concurrent resolution revising the congressional budget for the United States Government for a fiscal year as described in section 304.


 * (5) The term ``appropriation Act´´ means an Act referred to in section 105 of title 1, United States Code.


 * (b) JOINT COMMITTEE ON ATOMIC ENERGY.—
 * For purposes of titles II, III, and IV of this Act, the Members of the House of Representatives who are members of the Joint Committee on Atomic Energy shall be treated as a standing committee of the House, and the Members of the Senate who are members of the Joint Committee shall be treated as a standing committee of the Senate.

Approved July 12, 1974.

Legislative History

 * HOUSE REPORTS:
 * No. 93-658 (Comm. on Rules)
 * No. 93-1101 (Comm. of Conference)
 * SENATE REPORTS:
 * No. 93-579 accompanying S. 1541 (Comm. on Government Operations)
 * No. 93-688 accompanying S. 1541 (Comm. on Rules and Administrations)
 * No. 93-924 (Comm. of Conference)
 * CONGRESSIONAL RECORD, Vol. 119 (1973):
 * Dec. 4, 5, considered and passed House.
 * CONGRESSIONAL RECORD, Vol. 120 (1974):
 * Mar. 13, 19-21, S. 1541 considered in Senate.
 * Mar. 22, considered and passed Senate, amended, in lieu of S. 1541.
 * June 18, House agreed to conference report.
 * June 21, Senate agreed to conference report.
 * WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 10 (1974):
 * July 12, Presidential statement.
 * July 12, Presidential statement.


 * Omnibus Budget Reconciliation Act