Public Laws

Public Law 81-784
Budget and Accounting Procedures Act of 1950

Summary

The Budget and Accounting Procedures Act of 1950 was enacted as part of the implementation of the recommendations made by the Hoover Commission. This Commission studied the methods of a wide variety of governmental functions and issued an extensive report with recommendations as to how to improve the efficiency of the Federal Government. This Act was intended to improve the functions in terms of the accounting methodology of Federal agencies.

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General  Information

Public Law:  Pub. L. 81-784

Stat. At Large:  64 Stat. 832

Enacted: September 12, 1950

Bill Number:  H. R. 90381 (81st Congress)

Note: Section 203 of this law was repealed by the section 1003 of the Impoundment Act of 1974.

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Text of Statute 

Pub. L. 81-784 – Budget and Accounting Procedures Act of 1950

Amendments

Pub. L. 96-226 – Amending the Budget Accounting Procedures Act of 1950, Apr. 3, 1980 94 Stat. 311

Pub. L. 95-595 – Amending the Budget Accounting Procedures Act of 1950, Nov. 4, 1978, 92 Stat. 2541

Pub. L. 92-599 – Increasing the Public Debt for the Fiscal Year Ending 1973, 86 Stat. 1324, Oct. 27, 1972 (Amending the Budget Accounting and Procedures Act of 1950 and Creating the Joint Committee on Budget Control)

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References

Harry S. Truman – Statement by the President Upon Signing the Budget and Accounting Procedures Act of 1950 

Hearing of the Committee on Expenditures: Budget and Accounting Procedures (1950-07-11)

Pub. L. 81-784 H. Rpt. 81-2556 (1950-07-13)

Budget and Accounting Procedures Act of 1950 – Summary from Congressional Record of July 26, 1950

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