81-2-4 BUDGETING AND ACCOUNTING PROCEDURES ACT OF 1950 HEARING BEFORE THE COMMITTEE ON EXPENDITURES IN THE EXECUTIVE DEPARTMENTS HOUSE OF REPRESENTATIVES EIGHTY-FIRST CONGRESS SECOND SESSION ON H. R. 9038 ALBILL TO AUTHORIZE THE PRESIDENT TO DETERMINE 81-9.H F 96 bud CONTENTS H. R. 9038. Statement of— Finan, William F., Assistant Director of the Bureau of the Budget for Administrative Management. Karsten, Hon. Frank M., a Representative in Congress from the State Lawton, Frederick J., Director of the Bureau of the Budget. Letters, statements, etc., submitted for the record by American Federation of Government Employees, statement_ Finan, William F., Assistant Director of the Bureau of the Budget for Snyder, Hon. John W., Secretary of the Treasury, progress under the Warren, Hon. Lindsay C., Comptroller General of the United States, III BUDGETING AND ACCOUNTING PROCEDURES ACT OF 1950 TUESDAY, JULY 11, 1950 HOUSE OF REPRESENTATIVES, COMMITTEE ON EXPENDITURES, IN THE EXECUTIVE DEPARTMENTS, Washington, D. C. The committee, pursuant to call, at 10 a. m., in room 1501, New House Office Building, Hon. William L. Dawson, chairman, presiding. The CHAIRMAN. Will the committee come to order? We are meeting this morning for consideration of H. R. 9038. It is a bill that will authorize the President to determine the form of the national budget and of departmental estimates, to modernize and simplify Government accounting and auditing methods and procedures, and for other purposes. (H. R. 9038 follows:) [H. R. 9038, 81st Cong., 2d sess.] A BILL To authorize the President to determine the form of the national budget and of departmental estimates, to modernize and simplify governmental accounting and auditing methods and procedures, and for other purposes Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Budget and Accounting Procedures Act of 1950." TITLE I-BUDGETING AND ACCOUNTING PART I-BUDGETING DEFINITION SEC. 101. Section 2 of the Budget and Accounting Act, 1921 (42 Stat. 20), is amended by adding at the end thereof the following: "The term 'appropriations' includes, in appropriate context, funds and authorizations to create obligations by contract in advance of appropriations." PERFORMANCE BUDGET AND REGULATIONS SEC. 102. (a) Section 201 of such Act is amended to read as follows: "SEC. 201. The President shall transmit to Congress during the first fifteen days of each regular session, the Budget, which shall set forth his Budget message, summary data and text, and supporting detail. The Budget shall set forth in such form and detail as the President may determine "(a) functions and activities of the Government, constituting a performance budget; "(b) a segregation of operating, and of capital and investment programs; "(e) any other desirable classifications of data; “(d) a reconciliation of the summary data on expenditures with proposed appropriations; "(e) estimated expenditures and proposed appropriations necessary in his judgment for the support of the Government for the ensuing fiscal year, except 1 |