Budget and Accounting Act of 1921

E37879

The Budget and Accounting Act of 1921 is a landmark U.S. federal law that centralized the national budgeting process in the executive branch and established modern mechanisms for federal budget preparation and oversight.

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Generate an image of the Budget and Accounting Act of 1921 (The Budget and Accounting Act of 1921 is a landmark U.S. federal law that centralized the national budgeting process in the executive branch and established modern mechanisms for federal budget preparation and oversight.)

All labels observed (3)

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf United States federal statute ⓘ
budget law ⓘ
alsoKnownAs Budget and Accounting Act ⓘ
amendedBy Budget and Accounting Procedures Act of 1950 ⓘ
appliesTo executive departments of the United States ⓘ
independent establishments of the United States government ⓘ
assignsFunctionTo Bureau of the Budget for assisting the President in budget preparation ⓘ
General Accounting Office for independent auditing of federal expenditures ⓘ
bureauOfTheBudgetLaterBecame Office of Management and Budget ⓘ
codifiedIn Title 31 of the United States Code ⓘ
country United States ⓘ
createdAgency Bureau of the Budget ⓘ
General Accounting Office ⓘ
createdOffice Assistant Comptroller General of the United States ⓘ
Comptroller General of the United States ⓘ
dateSigned June 10, 1921 ⓘ
enactedBy United States Congress ⓘ
era post–World War I period ⓘ
establishes modern executive budget system of the United States ⓘ
procedures for submission of budget estimates by federal agencies ⓘ
requirement for a unified federal budget ⓘ
generalAccountingOfficeLaterBecame Government Accountability Office ⓘ
historicalSignificance marked the beginning of the modern federal budget process in the United States ⓘ
shifted budgetary initiative from Congress to the President ⓘ
jurisdiction federal government of the United States ⓘ
limits agencies from submitting budget requests directly to Congress without presidential approval ⓘ
placedBudgetResponsibilityIn executive branch of the United States government ⓘ
policyArea administrative law ⓘ
government oversight ⓘ
public finance ⓘ
presidentAtEnactment Warren G. Harding ⓘ
providesFor independent audit of federal accounts by the Comptroller General ⓘ
publicLawNumber Public Law 67-13 ⓘ
purpose to centralize federal budget formulation in the executive branch ⓘ
to establish independent post-audit of federal accounts ⓘ
to improve control over federal expenditures ⓘ
relatedTo Congressional Budget and Impoundment Control Act of 1974 ⓘ
requires President of the United States to submit an annual federal budget to Congress ⓘ
centralized executive budget preparation ⓘ
presidential review of agency budget requests ⓘ
signedBy Warren G. Harding ⓘ
sponsoredBy Republican legislators in the 67th United States Congress ⓘ
subjectMatter federal accounting ⓘ
federal auditing ⓘ
federal budget preparation ⓘ
yearEnacted 1921 ⓘ

How these facts were elicited

Referenced by (10)

Full triples — surface form annotated when it differs from this entity's canonical label.

United States federal budget → governedBy → Budget and Accounting Act of 1921 ⓘ
Government Accountability Office → establishedBy → Budget and Accounting Act of 1921 ⓘ
Budget and Accounting Act of 1921 → alsoKnownAs → Budget and Accounting Act ⓘ
linked to: Budget and Accounting Act of 1921
Comptroller General of the United States → legalBasis → Budget and Accounting Act of 1921 ⓘ
Public Law 67-13 → officialName → Budget and Accounting Act, 1921 ⓘ
linked to: Budget and Accounting Act of 1921
Public Law 67-13 → shortName → Budget and Accounting Act ⓘ
linked to: Budget and Accounting Act of 1921
Budget and Accounting Procedures Act of 1950 → relatedTo → Budget and Accounting Act of 1921 ⓘ
Warren G. Harding administration → majorLegislation → Budget and Accounting Act of 1921 ⓘ
67th United States Congress → enacted → Budget and Accounting Act of 1921 ⓘ