Historical Highlights

Congressional Budget and Impoundment Control Act of 1974

July 12, 1974
Congressional Budget and Impoundment Control Act of 1974 Collection of the U.S. House of Representatives
About this object
A 12-term Representative, Albert Ullman of Oregon chaired five committees during his House service: Joint Committee on Budget Control, Budget, Ways and Means, Joint Committee on Internal Revenue Taxation, and Joint Committee on Taxation.
The Congressional Budget and Impoundment Control Act of 1974, was signed into law creating the House Budget Committee on this date. The bill overhauled the Budget and Accounting Act of 1921, which had been intended to assist Congress in its appropriations role by requiring the President to submit an annual budget. As the process grew more institutionalized, Presidents sought to exert greater control over federal spending. Frustrated with President Richard M. Nixon’s impoundment of congressionally appropriated funds, Congress reasserted its budget authority. By shifting the federal government’s fiscal year from July 1 to October 1, Congress gained the time to respond to the President’s annual budget message and properly legislate federal spending. The act created both the House and Senate Budget Committees and the Congressional Budget Office (CBO). The CBO was charged with gathering data and estimates and supplying the committees with proper information to assist the federal budget process. The House Budget Committee became a standing committee on July 12, 1974, in the 93rd Congress (1973–1975), but it did not organize until August 14, 1974. Albert Ullman of Oregon served as the first chairman of the committee.

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