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 required congress to pass a balanced federal budget each year.
it set up the congressional budget office.
it limited the presidents ability to impound funds.
it set up the office of management and budget.
it established permanent budget committees in each chamber.
it established the department of the treasury.

Explanation:

• The Congressional Budget and Impoundment Control Act of 1974 did not require a balanced budget yearly.
• It established the Congressional Budget Office (CBO) to provide budgetary analysis.
• It limited the president's impoundment (withholding) of funds.
• The Office of Management and Budget (OMB) was established earlier (1970), not by this act.
• It created permanent budget committees in the House and Senate.
• The Department of the Treasury was established long before (1789), not by this act.

Answer:

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