Public Law 93-344, as Enacted
The Congressional Budget Act of 1974 and the Impoundment Control Act of 1974, which collectively make up the “Congressional Budget and Impoundment Control Act of 1974, was signed into law by President Richard Nixon on July 12, 1974. The section included here below are the text of the Act as enacted. It has been subsequently amended by a series of laws.
To establish a new congressional budget process; to establish Committees on the Budget in each House ; to establish a Congressional Budget Office; to establish a procedure providing congressional control over the impoundment of funds by the executive branch ; and for other purposes.
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. Analyses 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 t h e 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 dates.
Sec. 906. Application of congressional budget process to fiscal year 1976.
TITLE X—IMPOUNDMENT CONTROL
Part A—General Provisions
Sec. 1001. Disclaimer.
Sec. 1002. Amendment to Antideficiency Act.
Sec. 1003. Repeal of existing impoundment reporting provision.
Part B—Congressional Consideration of Proposed Rescissions, Reservations, and Deferrals of Budget Authority
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.
[BCR § 100e]