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Impoundment Control Act
The Congressional Budget and Impoundment Control Act of 1974 (ICA) is a United States federal law that governs the role of the Congress in the United States budget process. Titles I through IX of the law are also known as the Congressional Budget Act of 1974. Congressional budget process 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. This budget resolution sets limits on revenues and spending that may be enforced in Congress through procedural objections called points of order. The budget resolution can also specify that a budget reconciliation bill be written, which the Congress will then consider under expedited procedures. Later amendments The act has been amended several times, including provisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Congress
A congress is a formal meeting of the representatives of different countries, constituent states, organizations, trade unions, political parties, or other groups. The term originated in Late Middle English to denote an encounter (meeting of adversaries) during battle, from the Latin '' congressus''. Political congresses International relations The following congresses were formal meetings of representatives of different nations: *The Congress of Aix-la-Chapelle (1668), which ended the War of Devolution *The Congress of Aix-la-Chapelle (1748), which ended the War of the Austrian Succession *The Congress of Aix-la-Chapelle (1818) *The Congress of Berlin (1878), which settled the Eastern Question after the Russo-Turkish War (1877–1878) *The Congress of Gniezno (1000) *The Congress of Laibach (1821) *The Congress of Panama, an 1826 meeting organized by Simón Bolívar *The Congress of Paris (1856), which ended the Crimean War *The Congress of Troppau (1820) *The Congress of T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budget Enforcement Act Of 1990
The Budget Enforcement Act of 1990 (BEA) (, title XIII; ; codified as amended at scattered sections of 2 United States Code, U.S.C. & ) was enacted by the Congress of the United States, United States Congress as title XIII of the Omnibus Budget Reconciliation Act of 1990, to enforce the Government budget deficit, deficit reduction accomplished by that law by revising the federal budget control procedures originally enacted by the Gramm–Rudman–Hollings Balanced Budget Act. The BEA created two new budget control processes: a set of caps on annually-appropriated discretionary spending, and a "pay-as-you-go" or "PAYGO" process for entitlements and taxes. Legislative history The predecessor to the BEA, Gramm–Rudman–Hollings Balanced Budget Act, Gramm-Rudman-Hollings, was originally enacted in 1985 and set overall deficit targets as a way to force Congress to enact future deficit reduction. If these deficit targets were not met, the president was required issue a Budget sequest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Impeachment Inquiry Against Donald Trump
The inquiry process which preceded the first impeachment of Donald Trump, 45th president of the United States, was initiated by then- House Speaker Nancy Pelosi on September 24, 2019, after a whistleblower alleged that Donald Trump may have abused the power of the presidency. Trump was accused of withholding military aid as a means of pressuring newly elected president of Ukraine Volodymyr Zelenskyy to pursue investigations of Joe Biden and his son Hunter and to investigate a conspiracy theory that Ukraine, not Russia, was behind interference in the 2016 presidential election. More than a week after Trump had put a hold on the previously approved aid, he made these requests in a July 25 phone call with the Ukrainian president, which the whistleblower said was intended to help Trump's reelection bid. Believing critical military aid would be revoked, Zelenskyy made plans to announce investigations into the Bidens on the September 13 episode of CNN's '' Fareed Zakar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Impoundment Of Appropriated Funds
Impoundment is an act by a President of the United States of not spending money that has been appropriated by the U.S. Congress. Thomas Jefferson was the first president to exercise the power of impoundment in 1801. The power was available to all presidents up to and including Richard Nixon, and was regarded as a power inherent to the office, although one with limits. The Congressional Budget and Impoundment Control Act of 1974 was passed in response to high impoundments under President Nixon. The Act removed that power, and '' Train v. City of New York'' (whose facts predate the 1974 Act, but which was argued before the U.S. Supreme Court after its passage) closed potential loopholes in the 1974 Act. The president's ability to indefinitely reject congressionally approved spending was thus removed. The Impoundment Control Act of 1974 provides that the president may propose rescission of specific funds, but that rescission must be approved by both the House of Representatives an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Nixon
Richard Milhous Nixon (January 9, 1913April 22, 1994) was the 37th president of the United States, serving from 1969 until his resignation in 1974. A member of the Republican Party, he previously served as the 36th vice president under President Dwight D. Eisenhower from 1953 to 1961, and also as a representative and senator from California. His presidency saw the reduction of U.S. involvement in the Vietnam War, '' détente'' with the Soviet Union and China, the Apollo 11 Moon landing, and the establishment of the Environmental Protection Agency and Occupational Safety and Health Administration. Nixon's second term ended early when he became the only U.S. president to resign from office, as a result of the Watergate scandal. Nixon was born into a poor family of Quakers in Yorba Linda, Southern California. He graduated from Whittier College with a Bachelor of Arts in 1934 and from Duke University with a Juris Doctor in 1937, practiced law in California, and then move ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Line Item Veto
The line-item veto, also called the partial veto, is a special form of veto power that authorizes a chief executive to reject particular provisions of a bill enacted by a legislature without vetoing the entire bill. Many countries have different standards for invoking the line-item veto if it exists at all. Each country or state has its own particular requirement for overriding a line-item veto. Countries allowing line-item veto Brazil The President of Brazil has the power of the line-item veto over all legislation (art. 84 Federal Constitution of 1988: "The President of the Republic has the exclusive powers to: (...) V.veto bills, either in whole or in part"). Any provisions vetoed in such a manner are returned to the Brazilian congress and can be overridden by majority vote (art. 66 of the Federal Constitution). An example of this came in August 2012, when Dilma Rousseff vetoed portions of a new forestry law which had been criticized as potentially causing another wave of def ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States House Of Representatives
The United States House of Representatives is a chamber of the Bicameralism, bicameral United States Congress; it is the lower house, with the U.S. Senate being the upper house. Together, the House and Senate have the authority under Article One of the United States Constitution, Article One of the Constitution of the United States, U.S. Constitution to pass or defeat federal legislation, known as Bill (United States Congress), bills. Those that are also passed by the Senate are sent to President of the United States, the president for signature or veto. The House's exclusive powers include initiating all revenue bills, Impeachment in the United States, impeaching federal officers, and Contingent election, electing the president if no candidate receives a majority of votes in the United States Electoral College, Electoral College. Members of the House serve a Fixed-term election, fixed term of two years, with each seat up for election before the start of the next Congress. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jobs And Growth Tax Relief Reconciliation Act Of 2003
The Jobs and Growth Tax Relief Reconciliation Act of 2003 ("JGTRRA", , ), was passed by the United States Congress on May 23, 2003, and signed into law by President George W. Bush on May 28, 2003. Nearly all of the cuts (individual rates, capital gains, dividends, estate tax) were set to expire after 2010. Among other provisions, the act accelerated certain tax changes passed in the Economic Growth and Tax Relief Reconciliation Act of 2001, increased the exemption amount for the individual Alternative Minimum Tax, and lowered taxes of income from dividends and capital gains. The 2001 and 2003 acts are known together as the " Bush tax cuts". Description of cuts JGTRRA continued on the precedent established by the 2001 EGTRRA, while increasing tax reductions on investment income from dividends and capital gains. Accelerated credits and rate reductions JGTRRA accelerated the gradual rate reduction and increase in credits passed in EGTRRA. The maximum tax rate decreases original ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Growth And Tax Relief Reconciliation Act Of 2001
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sunset Clause
In public policy, a sunset provision or sunset clause is a measure within a statute, regulation, or other law that provides for the law to cease to be effective after a specified date, unless further legislative action is taken to extend it. Unlike most laws that remain in force indefinitely unless they are amended or repealed, sunset provisions have a specified expiration date. Desuetude renders a law invalid after long non-use. Origin The roots of sunset provisions are laid in Roman law of the mandate but the first philosophical reference is traced in the laws of Plato.Antonios Kouroutakis, "The Constitutional Value of Sunset Clauses" Routledge 2017 At the time of the Roman Republic, the empowerment of the Roman Senate to collect special taxes and to activate troops was limited in time and extent. Those empowerments ended before the expiration of an electoral office, such as the Proconsul. The rule ''Ad tempus concessa post tempus censetur denegata'' is translated as "what is a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Security (United States)
In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration (SSA). The Social Security Act was passed in 1935,Social Security Act of 1935 and the existing version of the Act, as amended, 2 USC 7 encompasses several social welfare and social insurance programs. The average monthly Social Security benefit for May 2025 was $1,903. This was raised from $1,783 in 2024. The total cost of the Social Security program for 2022 was $1.244 trillion or about 5.2 percent of U.S. gross domestic product (GDP). In 2025 there have been proposed budget cuts to social security. Social Security is funded primarily through payroll taxes called the Federal Insurance Contributions Act (FICA) or Self Employed Contributions Act (SECA). Wage and salary earnings from covered employment, up to an amount determined by law (see tax rate table), are subject to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
