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Titles I through IX of the law are known as the Congressional Budget Act of 1974. Title II created the Congressional Budget Office.Title III governs the procedures by which Congress annually adopts a budget resolution, a concurrent resolution that is not signed by the President, which sets fiscal policy for the Congress.
Signed into law by President George W. Bush on September 26, 2006 The Federal Funding Accountability and Transparency Act of 2006 (S. 2590) [ 2 ] is an Act of Congress that requires the full disclosure to the public of all entities or organizations receiving federal funds beginning in fiscal year (FY) 2007.
This summary is based largely on the summary provided by the Congressional Research Service, a public domain source. [1]The Federal Information Technology Acquisition Reform Act would modify the current framework governing the management of information technology (IT) within the federal government to: (1) require presidential appointment or designation of the chief information officer (CIO) in ...
Fiscal policy can be defined as the use of government spending and/or taxation as a mechanism to influence an economy. [13] [14] There are two types of fiscal policy: expansionary fiscal policy, and contractionary fiscal policy. Expansionary fiscal policy is an increase in government spending or a decrease in taxation, while contractionary ...
As a result of the Budget Control Act of 2011, a set of automatic spending cuts to United States federal government spending in particular of outlays [note 1] were initially set to begin on January 1, 2013. They were postponed by two months by the American Taxpayer Relief Act of 2012 until March 1 when this law went into effect. [1]
Fiscal Responsibility Act may refer to: Tax Equity and Fiscal Responsibility Act of 1982, an Act of the 97th United States Congress; Fiscal Responsibility Act of 2007 ...
Signed into law by President Ronald Reagan on September 13, 1982 The Antideficiency Act ( ADA ) ( Pub. L. 97–258 , 96 Stat. 923 ) is legislation enacted by the United States Congress to prevent the incurring of obligations or the making of expenditures (outlays) in excess of amounts available in appropriations or funds.
Although the Fiscal Responsibility Act of 2007 did not become law, its introduction set the stage for future discussions on accountability mechanisms within Congress. On June 3, 2023, the Fiscal Responsibility Act of 2023 was signed into law, representing a renewed effort to address fiscal policy and government spending.