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

Explanation:

1. The Congressional Budget and Impoundment Control Act of 1974 limited the president's ability to impound funds (withhold appropriated funds), so this option is correct.
2. It established the Congressional Budget Office (CBO) to provide budgetary analysis, so this option is correct.
3. The Department of the Treasury was established long before 1974, so this is incorrect.
4. It created permanent budget committees (House and Senate Budget Committees) in each chamber, so this option is correct.
5. The Act did not require a balanced budget annually; that is a different policy concept, so this is incorrect.
6. The Office of Management and Budget (OMB) was established in 1970, not by this 1974 Act, so this is incorrect.

Answer:

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