Congressional Budget Office

The United States federal law that controls the Congress role in the budget process is the Congressional Budget and Impoundment Control Act of 1974. The Act removed the impoundment power of the president.

The 1974 Congressional Budget and Impoundment Control Act modified the role of Congress in the federal budgetary process. It created standing budget committees in both the House and the Senate, established the Congressional Budget Office, and moved the beginning of the fiscal year from July 1 to October 1.

The Congressional Budget and Impoundment Control Act is a U.S. federal law passed by the United States Congress specifying that the President may propose to Congress that funds be rescinded. If both the Senate and the House of Representatives have not approved a proposal within 45 days of session, any funds being withheld must be made available for obligation. It also reformed the U.S. budget process to create a unified process that joined the various congressional committees that were responsible for some aspect of the budget before. It has been amended many times, but the original Act that was made in 1974 remains the basis of today's procedures.

C. its role in planning the budget.