Congressional Budget and Impoundment Control Act Law and Legal Definition

The Congressional Budget and Impoundment Control Act of 1974 is a U.S. federal law that governs the role of the Congress in the U.S. budget process. The Act created the Congressional Budget Office. Title III of the Act governs the procedures by which Congress annually adopts a budget resolution. The Act has been amended several times, through provisions in the Balanced Budget and Emergency Deficit Control Act of 1985, the Budget Enforcement Act of 1990, and the Balanced Budget Act of 1997, however the original legislation remains the basic blueprint for budget procedures even today.