Week 8: The Budget And Appropriations Process Flashcards

1
Q

First Monday in February

A

President submits budget

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2
Q

February 15

A

CBO submits budget outlook

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3
Q

Mid-March

A

Committees submit views and estimates

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4
Q

April 1 budget committee reports budget resolution

A

April 15 congress completes budget resolution

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5
Q

May 15 house may consider appropriations bills

A

June 10 house appropriations reports last bill

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6
Q

June 30 house completes action on appropriations

A

Fiscal year begins October 1

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7
Q

Office of management and budget assists the president in

A
  1. Budget development and execution
  2. Management of agency performance, human capital, IT
  3. Coordinates regulatory policy
  4. Coordinate legislative action
  5. Deals with executive orders
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8
Q

Budget Actors

A
President 
Congress:
• budget committees 
• appropriations committees 
• authorizing committees 
• tax committees 
• scorekeepers - Congressional Budget Office/Joint Tax Committee
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9
Q

Budget Committees

A

House and senate budget committees

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10
Q

Senate budget committee

A
  1. Mills over any bill that concerns the federal budget
  2. Must approve any budgetary resolutions that determines how much the federal government will spend in any given fiscal year. In that capacity, the committee has jurisdiction over the Congressional Budget Office
  3. Created in 1975 and was chaired by former democratic presidential hopeful Edmund Muskie (D - ME)
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11
Q

Senate Appropriations committees

A

Largest of all senate committees. Responsible for all revenue bills that come out of the House.

It is also tasked with developing supplemental spending bills to address issues arising in the middle of a fiscal year

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12
Q

House appropriations committee

A

Because the house is the birthplace of all appropriations bills

This committee was created to be responsible for all revenue legislation, including the source of the federal government budget.

They also wade through the various earmarks attached to each bill.

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13
Q

Earmarks

A

“Hidden” congressional provision that directs federal government to fund specific projects or exempts specific people or groups from paying specific federal taxes or fees

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14
Q

Presidents Budget

A
  • submitted annually by first Monday in February
  • contains presidents discretionary and mandatory spending priorities, tax policies, and debt
  • 10 year budget projections
  • can be starting point for budgets discussions with congress

Presidents signature required on legislation

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15
Q

Concurrent Budget Resolution

A
  • sets congressional budget priorities / rules
  • cannot be filibustered. Can pass Senate with 51 votes. But 50 hours of debate and virtually unlimited amendments
  • requires agreement between house and senate to enforce

DOES NOT REQUIRE PRESIDENTS SIGNATURE

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16
Q

Appropriations committees

A

Allocate discretionary funding among 12 subcommittees

17
Q

Appropriations bills can be passed individually, as one big bill containing all 12 bills (omnibus)

A

Or in a package containing several bills (minibus)

18
Q

Appropriations committee writes

A

12 bills that spell our annual discretionary funding for agencies and programs as well as policy guidance (legislative riders)

Also originate emergency supplemental spending bills