Budget Act

C-SPAN Congressional Glossary

Term	Definition	Used In
Budget Act	The Budget Act refers to the 1974 Congressional Budget Act. It created the current budget process. It also created the Congressional Budget Office (CBO) and the House and Senate Budget Committees. The annual budget resolution and reconciliation bills are processed under the terms of the 1974 Budget Act.	House & Senate

Term

Definition

Used In

The Budget Act refers to the 1974 Congressional Budget Act. It created the current budget process.

It also created the Congressional Budget Office (CBO) and the House and Senate Budget Committees.

The annual budget resolution and reconciliation bills are processed under the terms of the 1974 Budget Act.

House & Senate