Rescission Bill in the United States

Rescission Bill in the Federal Budget Process

Meaning of Rescission Bill in the congressional and executive budget processes (GAO source): A bill or joint resolution to cancel, in whole or in part, budget authority previously enacted by law. Rescissions proposed by the President must be transmitted in a special message to Congress. Under section 1012 of the Impoundment Control Act of 1974 (2 U.S.C. § 683), unless both houses of Congress complete action on a rescission bill within 45 calendar days of continuous session after receipt of the proposal, the budget authority must be made available for obligation. (See also Rescission.)

Guide to U.S. Federal Budget Rescission (Budget Process)

• Rescission
• Enhanced Rescission
• Expedited Rescission
• Rescission Bill

Resources

See Also

• Federal Appropriations
• Entries about the United States Budget Process in the Encyclopedia (including Rescission Bill)
• Public Debt

Further Reading

• Legislatures and the budget process: the myth of fiscal control

  (J Wehner, 2010)

• Reconcilable Differences?: Congress, the Budget Process, and the Deficit (JB Gilmour, 1990)
• Fiscal institutions and fiscal performance

  (JM Poterba, J von Hagen, 2008)