CONGRESSIONAL BUDGET AND IMPOUNDMENT CONTROL ACT OF 1974

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80M01082A000900090010-7
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 40
• Document Creation Date: December 15, 2016
• Document Release Date: March 15, 2004
• Sequence Number: 10
• Publication Date: June 12, 1974
• Content Type: REPORT

93D CONGRESS
53d Session
SENATE J t%EPO31
No. 93-924
CONGRESSIONAL BUDGET AND IMPOUNDMENT
CONTROL ACT OF 1974
Mr. ERvIN, from the committee of conference,
submitted the following
CONFERENCE REPORT
The committee of conference on the disagreeing votes of the two
Houses on the amendments of the Senate to the bill (H.R. 7130) to
improve congressional control over budgetary outlay and receipt totals,
tx> provide for a Legislative Budget office, to establish a procedure
providing congressional control over the impoundment of fonds by
the executive branch, and for other purposes, having met, after full and
free conference, have agreed to recommend and do recommend to the it
respective Houses as follows :
That the House recede from its disagreement to the amendment of
the Senate to the text of the bill, and agree to the same with an amend-
ment as follows:
In lieu of the matter proposed to be inserted by the Senate amend-
ment insert the following :
SHORT TITLES; TABLE OF CONTENTS
SECTION 1. (a) SHORT TITLES.-This Act may be cited as the "Con-
gressional Budget and Impoundment Control Act of 1974". Titles I
through IX may be cited as the "Congressional Budget Act of 197f",
and title X may be cited as the "Impoundment Control Act of 197.1".
(b) TABLE OF CONTENTS.-
Sec. 1. Short titles; table of contents.
Sec. 2. Declaration of purposes.
Sec. S. 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.
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IL .
y 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 legis-
lation 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 cer-
tain 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. Aflowaaces for eupplemenlal beedget awthority o"d arwgvdfbDt-a lei etz /03/26
reports such bill or resolution, report a resolution to the Senate
(A) providing for the waiver of subsection (a) with, respect to
such bill or resolution, and (B) stating the reasons why the
waiver is necessary. The resolution shall then be referred to the
Committee on the Budget of the Senate. That committee shall
report the resolution to the Senate within 10 days after the res-
olution is referred to it (not counting any day on which the
Senate is not in session) beginning with the day following the day
on which it is so referred, accompanied by that committee's rec-
onnmendations and reasons for such recommendations with re-
spect to the resolution. If the committee does not report the res-
olution within such 10-day period, it shall automatically be dis-
charged from further consideration of the resolution and the res-
olution shall be placed on the calendar.
(2) During the consideration of any such resolution, debate
shall be limited to one hour, to be equally divided between, and
controlled by, the majority leader and minority leader or their
designees, and the time on any debatable motion or appeal shall
be limited to twenty minutes, to be equally divided between, and
controlled by, the mover and the manager of the resolution. In the
event the manager of the resolution is in favor of any such motion
or appeal, the time in opposition thereto shall be controlled by the
minority leader or his designee. Such leaders, or either of them,
may, from the time under their control on the passage of such
resolution, allot additional time to any Senator during the con-
sideration of any debatable motion or appeal. No amendment to
the resolution is in order.
(3) If, after the Committee on the Budget has reported (or
been discharged from further consideration of) the resolution,
the Senate agrees to the resolution, then subsection (a) of this
section shall not apply with respect to the bill or resolution to
which the resolution so agreed to applies.
PERMISSIBLE REVISIONS OF CONCURRENT
RESOLUTIONS OF THE BUDGET
SEC. 304. At any time after the first concurrent resolution on the
budget for a fiscal year has been agreed to pursuant to section 301, and
before the end of such fiscal year, the two Houses may adopt a con-
current resolution on the budget which revises the concurrent resolu-
tion on the budget for such fiscal year most recently agreed to.
PROVISIONS RELATING TO THE CONSIDERATION OF
CONCURRENT RESOLUTIONS ON THE BUDGET
SEC. !'05, (a) PROCEDURE IN HOUSE OE R41A46Etl3.A1iVAS r1I'Tnk
Rr or : 'oar u7: TE,E, JEEArE.- -
(1) When the Committee on the Budget of the House has re-
ported any concurrent resolution on the budget, it is in order at
any time after the tenth day (excluding Saturdays, Sundays, and
CIA-RDP80M ~Oee avaz .~the day on which the report upon such
.
s z able e to Members -1 the House (even
though a previous motion to the same effect has
as been disagreed
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16 17
to) to move to proceed to the consideration of the concurrent reso-
lution. The motion is highly privileged and is not debatable. An (2) Debate in the Senate on any amendment to a concurrent'
amendment to the motion is not in order, and it is not in order to resolution on the budget shall be limited to 2 hours, to be equally
move to reconsider the vote by which the motion is agreed to or divided between, and controlled by, the mover and the manager
disagreed to. of the concurrent resolution, and debate on any amendment to an
(2) General debate on any concurrent resolution on the budget amendment, debatable motion, or appeal shall be limited to 1
in the House of Representatives shall be limited to not more than hour, to be equally divided between, and controlled by, the mover
10 hours, which shall be divided equally between the majority and and the manager of the concurrent resolution, except that in the
minority parties. A motion further to limit debate is not debit event the manager of the concurrent, resolution is in favor of any
able. A motion to recommit the concurrent resolution is not in such amendment, motion, or appeal, the time in opposition there-
order, and it is not in order to move to reconsider the vote by to shall be controlled by the minority leader or his designee.
which the concurrent resolution is agreed to or disagreed to. No amendment that is not germane to the provisions of such
(3) Consideration of any concurrent resolution on the budget concurrent resolution shall be received. Such leaders, or either
by the House of Representatives shall be in the Committee of the of them, may, from the time under their control on the passage of
Whole, and the resolution shall be read for amendment under the the concurrent resolution, allot additional time to any Senator
five-minute rule in accordance with the applicable provisions of durinq the consideration o of any amendment, debatable motion,
rule XXIII of the Rules of the House of Representatives. After or appeal.
the Committee rises and reports the resolution back to the House, 3) A motion to further limit debate is not debatable. A mo-
th-6 previous question shalt be considered as ordered on the M80- tion to recommit (except a motion to recommit with instructions
lution and any amendments thereto to final passage without in- to report back within a specified number of days, not to exceed
tervening motion; except that it shall be in order at any time prior 3, not counting any day on which the Senate is not in session)
to final passage (notwithstanding any other rule or provision of is not in order. Debate on an, such motion to recommit shall be
law) to adopt an amendment (or a series of amendments) chang- limited to 1 hour, to be equally divided between, and controlled
ing any figure or figures in the resolution as so reported to the ex- by, the mover and the manager of the concurrent resolution.
tent necessary to achieve mathematical consistency. (4) Notwithstanding any other rule, an amendment, or series
(4) Debate in the House o f Representatives on the conference of amendments, to a concurrent resolution on the budget proposed
report on any concurrent resolution on the budget shall be limn- in the Senate shall always be in order if such amendment or series
ited to not more than 5 hours, which shall be divided equally be- of amendments proposes to change any figure or figures then
tween the majority and minority parties. A motion further to contained in such concurrent resolution so as to make such con-
limit debate is not debatable. A motion to recommit the confer- current resolution mathematically consistent or so as to maintain
ence report is not in order, and it is not in order to move to recon- such consistency.
Sider the vote by which, the conference report is agreed to or dis- (c) ACTION ON CONFERENCE REPORTS IN THE SENATE.--
agreed to. (1) The conference report on any concurrent resolution on the
(5) Motions to postpone, made with respect to the considera- budget shall be in order in the Senate at any time after the third
Lion of any concurrent resolution on the budget, and motions to (lay (excluding Saturdays, Sundays, and legal holidays) follow-
proceed to the consideration of other business, shall be decided ing the day on which such a conference report is reported and is
without debate. available to Members of the Senate. A motion to proceed to the
(6) Appeals from, the decisions of the Chair relating to the consideration of the conference report may be made even though a
application of the Rules of the House of Representatives to the previous motion to the same effect has been disagreed to.
procedure relating to any concurrent resolution on the budget (2) During the consideration in the Senate of the conference
shall be derided without debate. report on any concurrent resolution on the budget, debate shall be
(b) PROCEDURE IN SENATE AFTER REPORT OF COMMITTEE; DEBATE; limited to 10 hours, to be equally divided between, and controlled
AMENDMENTS.- by,' the majority leader and leader or their designees. (OW minority
(1) Debate iii the Senate on miy concurrent reed Ion on P,;- D iffte on ;bata'Ze motion or appeal related to the confer-
the budget, and all amendments thereto and debatable motions ence report shall be limited to 1 hour, to be equally divided br
and appeals in connection therewith, shall be limited to not more tween, and controlled by, the mover and the manager of the
lz ,
hQZ. J',S. 71ry 1.0" i. 6~~c:i ~:,;ti?lI v6 i:: v~~2+;wotL oio t,(
1111-1. report accompanying siu;h _ bill or resolution if timely submitted to
such committee before such report is filed.
JURISDICTION OF APPROPRIATIONS COMMITTEES
SEC. 404. (a) AMENDMENT OF HOUSE RULES.-Clause 2 of rule XI of
the Rules of the House of Representatives is amended by redesignating
paragraph (b) as paragraph (e) and by inserting after paragraph (a)
the following new paragraphs.-
(b) Rescission of appropriations contained in appropriation Acts
(referred to in section 105 of title 1, United States Code .
"(c) The amount of new spending authority described in section
401(c) (2) (A) and (B) of the Congressional Budget Act of 19741
which is to be effective for a fiscal year.
"(d) New spending authority described in section 401(c) (2) (C)
of the Congressional Budget Act of 1974 provided in bills and resolu-
tions referred to the committee under section 401(b) (2) of that Act
(but subject to the provisions of section 401(b) (3) of that Act)."
(b) AMENDMENT OF SENATE RULES.-Subparagraph (c) of paragraph
1 of rule XXV of the Standing Rules of the Senate is amended to
read as follows :
"(c) Committee on Appropriations, to which committee shall be
referred all proposed legislation, messages, petitions, memorials, and
other matters relating to the following subjects:
"1. Except as provided in subparagraph (r), appropriation of the
revenue for the support of the Government.
"2. Rescission of appropriations contained in appropriation Acts
(referred to in section, 105 of title 1, United States Code).
"S. The amount of new spending authority described in section 401
(c) (2) (A) and (B) of the Congressional Budget Act of 1974 pro-
vided in bills and resolutions referred to the committee under section
401(b) (2) of that Act (but subject to the provisions of section 401
(b) (3) of that Act).
"4. New advance spending authority described in section 401 (c)
(2) (C) of the Congressional Budget Act of 1974 provided in bills
and resolutions referred to the committee under section 401(b) (2) of
that Act (but subject to the provisions of section 401(b) (3) of that
Act)."
TITLE V-CHANGE OF FISCAL YEAR
FISCAL YEAR TO BEGIN OCTOBER 1
SEC. 501. Section 237 of the Revised Statutes (31 U.S.C. 1020) is
amended to read as follows:
"Sec. 237. (a) The fiscal year of the Treasury of the United States.
in all matters of accounts, receipts, expenditures, estimates, and ap-
propriations-
" (1) shall, through June 30, 1976, commence on July 1 of each
year and end on June 30 of the following year; and
"(0) shall, fgirn ni or OetOfJer i, 1!4^6, commence on OrtObrr
;'; /Cw, u,n ~w 2J1 ,?c:j.'O ;LJ,.:? via Gt' the f ?ire? ltd" ?/" ?~
"(b) All accounts of receipts and expenditures required L i law
to be published annually shall be prepared and published for each
fiscal year as established by subsectivit (a)."
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TRANSITION TO NEW FISCAL YEAR
SEc. 502. (a) As soon as practicable, the President shall prepare
and submit to the Congress-
(1) after consultation with the Committees on, Appropriations
of the House of Representatives and the Senate, budget esti-
mates for the United States Government for the period com-
mencing July 1, 1976, and ending on September 30, 1976, in
such form and detail as he may determine; and
(2) proposed legislation he considers appropriate with respect
to changes in law necessary to provide authorizations of appro-
priations for that period.
(b) The Director of the Office of Management and Budget shall
provide by regulation, order, or otherwise for the orderly transition
by all departments, agencies, and instrumentalities of the United
States Government and the government of the District of Columbia
from the use of the fiscal year in effect on the date of enactment of
this Act to the use of the new fiscal, year prescribed by section 2.37
(a) (2) of the Revised Statutes. The Director shall prepare and sub-
mit to the Congress such additional proposed legislation as he con-
siders necessary to accomplish this objective.
(c) The Director of the Ogee of Management and Budget and
the Director of the Congressional Budget O fflce jointly shall conduct
a study of the feasibility and advisability of s"mitting the Budget
or portions thereof, and enacting new budget authority or portions
thereof, for a fiscal year during the regular session of the Congress
which begins in the year preceding the year in which such fiscal year
begins. The Director of the O fflce of Management and Budget and
the Director of the Congressional Budget Ogee each shall submit a
report of the results of the study conducted by them, together with
his own conclusions and recommendations, to the Congress not later
than 2 years after the effective date of this subsection.
ACCOUNTING PROCEDURES
SEc. 503. (a) Subsection (a) (1) of the first section of the Act
entitled "An Act to simplify accounting, facilitate the payment of
obligations, and for other purposes", approved July 25, 1956, as
amended (31 U.S.C. 701), is amended to read as follows
"(1) The obligated balance shall he transferred, at the time
speci flied in subsection (b) (1) o f this section, to an appropriation
account of the agency or subdivision thereof responsible for the
liquidation of the obligation, in which account shall be merged
uugis su tpurposes nsfoired fi,oiia all appropriation accounts for
the same general ; and".
(b) Subsection (b) of srrrh serata~r> iR nrO,"dr.l f6 '"O"17 as ft,7T^ Cs:
f~ I l t17~7, t)x,Isr;(m (T li tlii:~'F i, ~~%r-;, ,1 t, 7
shall be transferred as follows:
(A) for any fiscal year or years ending on or before June 30.
1976, on that June 30 which falls in the first month of June
which occurs twenty-four months after the end of such, fiscal
year or years; and
" (B) for the period commencing on July 1, 1976, and ending
on September 30, 1976, and for any pascal year commencing on or
after October 1, 1976, on September 30 of the second fiscal year
following that period or the fiscal year or years, as the case may
be, for which the appropriation is available for obligation.
"(2) The withdrawals required by subsection (a) (2) of this sec-
tion shall be made-
"(A) for any fiscal year ending on or before June 30, 1976, not
later than September 30 of the fiscal year immediately following
the fiscal year in which the period of availability for obligation
expires; and
" (B) for the period comimencing on July 1, 1976, and ending
on September 30, 1976, and for any fiscal year commencing on or
after October 1, 1976, not later than November 15 following such
period or fiscal year, as the case may be, in which the period of
availability for obligation expires."
CONVERSION OF AUTHORIZATIONS OF
APPROPRIATIONS
SEc. 5041. Any law providing for an authorization of appropriations
commencing on July 1 of a year shall, if that year is any year after
1975, be considered as meaning October 1 of that year. Any law provid-
ing for an authorization of appropriations ending on June 30 of a
year shall, if that year is any year after 1976, be considered as meaning
September 30 of that year. Any law providing for an authorization of
appropriations for the fiscal year 1977 or any fiscal year thereafter
shall be construed as referring to that fiscal year ending on Septem-
ber 30 of the calendar year having the same calendar year number as
the fiscal year number.
SFc. 505. The following provisions of law are repealed :
(1) the ninth paragraph under the headings "Legislative Estab-
lishment", "Senate", of the Deficiency Appropriation Act, fiscal
year 1934 (48 Stat.1022; 2 U.S.C. 66); and
(2) the proviso to the second paragraph under the headings
"House of Representatives", "Salaries, Mileage, and Expenses of
Members", of the Legislative-Judiciari,; Appropriation Act, 1955
(68 Stat. 400; 2 U.S.C. 81).
TF, CHNIC A I, 4 MF. NDMFNT
SFC 506. (a) Section 105 of title 1, United States Code, iQ amended
7arig 02;w ~ u;7oE "76,ilt? iniErtbng UaudG t t,Grt.O f ,veUtt~lrL~itT do
with respect to Acts making appropriations for the support of the
Government for any fiscal year commencing on or after October 1,
1976.
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TITLE VI-AMENDMENTS TO BUDGET AND
ACCOUNTING ACT, 1921
MATTERS TO BE INCLUDED IN PRESIDENT'S BUDGET
SEC. 601. Section 201 of the Budget and Accounting Act, 1921 (31
U.S.C. 11), is amended by adding at the end thereof the following new
subsections:
"(d) The Budget transmitted pursuant to subsection (a) for each
fiscal year shall set forth separately the items enumerated in section
301(a) (1)-(5) of the Congressional Budget Act of 19741.
"(e) The Budget transmitted pursuant to subsection (a) for each
fiscal year shall set forth the levels of tax expenditures under existing
law for such fiscal year (the tax expenditure budget), taking into ac-
count projected economic factors, and any changes in such existing
levels based on proposals contained in such Budget. For purposes of
this subsection, the terms `tax expenditures' and `tax expenditures
budget' have the meanings given to them by section 3(a) (3) of the
Congressional Budget Act of 1974.
"(f) The Budget transmitted pursuant to subsection (a) for each
fiscal year shall contain-
"(1) a comparison, for the last completed fiscal year, of the
total amount of outlays estimated in the Budget transmitted pur-
suant to subsection (a) for each major program involving un-
controllable or relatively uncontrollable outlays and the total
amount of outlays made under each such major program during
such fiscal year;
"(2) a comparison., for the last completed fiscal year, of the
total amount of revenues estimated in the Budget transmitted
pursuant to subsection (a) and the total amount of revenues re-
ceived during such. year, and, with respect to each major revenue
source, the amount of revenues estimated in the Budget trans-
mitted pursuant to subsection (a) and the amount of revenues
received during such year; and
"(3) an analysis and explanation of the difference between
each amount set forth pursuant to paragraphs (1) and (2) as
the amount of outlays or revenues estimated in the Budget sub-
mitted under subsection (a) for such fiscal year and the corre-
sponding amount set forth as the amount of outlays made or
revenues received during such fiscal year.
"(q) The President shall transmit to the Congress, on or before
April 10 and July 15 of each year, a statement of all amendments to or
revisions in the budget authority requested, the estimated outlays, and
{ ~.etin atrrh re e pt.S f4)' th,^ cit. ufnq fiscal 'ear st t fo th in Me Budget
transmitted pursuant to subsection (a) (including any previous
amendments or revisions proposed on behalf of the executive branch)
t/ill,. J,P i/P n.c? _nP~oYenr'^J 'i??S ap7)?`7pr (rte b is ! 7'n t' n 'r ost ?l1*7e^1f ? ?
torrnarion available. b'uch, statement shall, contain the effect of such
finnendinents and recisions on the summary data submitted under sub-
section (a) and shall include such support:-nq detail as is practicable.
under subsection (b) during such year. The Budget transmitted to the
Congress pursuant to subsection (a) for any fiscal year, or the support-
ing detail transmitted in connection therewith, shall include a state-
m.ent of all such amendments and revisions with respect to the festal
year in progress made before the date of transmission of such Budget.
"(h) The Budget transmitted pursuant to subsection (a) for each
fiscal year shall include information with respect to estimates of appro-
priations for the next succeeding fiscal year for grants, contracts, or
other payments under any program for which there is an authoriza-
tion of appropriations for such succeeding fiscal year and such appro-
priations are authorized to be included in an appropriation Act for
the fiscal year preceding the fiscal year in which the appropriation is to
be available for obligation.
"(i) The Budget transmitted pursuant to subsection (a) for each
fiscal year, beginning with the fiscal year ending September 30, 1979,
shall contain a presentation of budget authority, proposed budget
authority, outlays, proposed outlays, and descriptive information in
terms of-
" (1) a detailed structure of national needs which shall be used
to reference all agency missions and programs;
" (2) agency missions; and
"(3) basic programs.
To the extent practicable, each agency shall furnish. information in
support of its budget requests in accordance with its assigned missions
in terms of Federal functions and sub functions, including mission
responsibilities of component organizations, and shall relate its pro-
grams to agency missions."
SEC. 602. Section 201 of the Budget and Accounting Act, 1921 (31
U.S.C. 11), is amended by striking out "on or before June 1 of each
year, beginning with 19793" and inserting in lieu thereof "on or before
July 15 of each year".
SEC. 603. Section 201 (a) of the Budget and Accounting Act, 1921
(31 U.S.C.11), is amended-
(1) by inserting after "ensuing fiscal year" in paragraph (5)
"and projections for the four fiscal years immediately following
the ensuing fiscal year";
(2) by striking out "such year" in paragraph (5) and inserting
in lieu thereof "such years"; and
(3) by inserting after "ensuing fiscal year" in paragraph, (6)
"and projections for the four festal years immediately following
the ensuing fscal year".
ALLOWANCES FOR SUPPLEMENTAL BUDGET AUTHOR-
ITY AND UNCONTROLLABLE OUTLAYS
The statement transmitted on or before July 15 of any year may be SEC. 604. Section 201 a) of the Budget and
included in the supplemental summa yp .r dFbr T eas&2404/03/26: CIA-RDP80(~Q~1~'X~-(14~1 A(j{1MQ~1QriZended-
Accounting
Act, 1921
(1) by striking out "and" at the end of paragraph (11);
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(2) by striking out the period at the end of paragraph (12)
and inserting in lieu thereof "; and"; and
(3) by adding at the end thereof the following new paragraph:
"(13) an allowance for additional estimated expenditures and
proposed appropriations for the ensuing fiscal year, and an allow-
ance for unanticipated uncontrollable expenditures for the en-
suing fiscal year."
BUDGET DATA BASED ON CONTINUATION OF
EXISTING LEVEL OF SERVICES
Sec. 605. (a) On or before November 10 of each year (beginning
with. 1975), the President shall submit to the Senate and the House of
Representatives the estimated outlays and proposed budget authority
which would be included in the Budget to be submitted pursuant to
section 201 of the Budget and Accounting Act, 1921, for the ensuing
fiscal year if all programs and activities were carried on during such
ensuing fiscal year at the same level as the fiscal year in progress and
without policy changes in such programs and activities. The estimated
outlays and proposed budget authority submitted pursuant to this
section shall be shazvn by function and sub functions (in accordance
with the classifications in the budget summary table entitled "Budget
Authority and Outlays by Function and Agency"), by major programs
within each such function, and by agency. Accompanying these esti-
mates shall be the economic and programmatic assumptions underlying
the estimated outlays and proposed biulget authority, such, as the rate
of inflation, the rate of real economic growth, the unemployment rate,
program caseloads, and pay increases.
(b) The Joint Economic Committee shall review the estimated out-
lays and proposed budget authority so submitted, and shall submit to
the Committees on the Budget of both Houses an economic evaluation
thereof on or before December 31 of each year.
STUDY OF OFF-BUDGET AGENCIES
SEC. 606. The Committees on the Budget of the House of Representa-
tives and the Senate shall study on a continuing basis those provisions
of lain -which, exempt agencies of the Federal Government, or any of
their activities or outlays, from. i`n.chasion in the Budget of the Unitedl
States Goz er?;~rraFVit, transmitted by the President under section 201 of
the Budget and Aceountiv.q Act, 1.921. Each committee shall,, from.
time to time. report to its House it..r eecornmendatiorze for ter nin.atinq
or 9nodi.f ying such ,i'oeisions.
YIh'Al-4T1pAP PiFQT w1gTq Enj AU7'Ijo;u