Question

multiple select question
select all that apply
what did the congressional budget and impoundment control act of 1974 accomplish? (check all that apply.)
it established permanent budget committees in each chamber.
it required congress to pass a balanced federal budget each year.
it limited the presidents ability to impound funds.
it set up the office of management and budget.
it set up the congressional budget office.
it established the department of the treasury.

Explanation:

• "It established permanent budget committees in each chamber": The 1974 Act created permanent budget committees (House and Senate Budget Committees).
• "It required Congress to pass a balanced federal budget each year": The Act did not mandate a balanced budget annually.
• "It limited the president’s ability to impound funds": A key part of the Act was to restrict presidential impoundment of funds.
• "It set up the Office of Management and Budget": The OMB was established earlier (1970), not by this 1974 Act.
• "It set up the Congressional Budget Office": The Act created the CBO to provide budgetary analysis for Congress.
• "It established the Department of the Treasury": The Treasury Department was established much earlier (1789), not by this Act.

Answer:

A. It established permanent budget committees in each chamber, C. It limited the president's ability to impound funds, E. It set up the Congressional Budget Office