CDFM Module 1.1

CDFM Module 1.1 Budget execution starts with _____________ issuance of Treasury Warrant The issuance of Treasury Warrants are the __________ __________ action taken after the President signs the bill into law. first legal Continuing resolutions (CRs) initially last _____ days and are designed to avoid violating the ________. 30, Anti Deficiency SF-133s are reported _____ to the Office of Management and Budget (OMB) quarterly The size and complexity of the budget demand that the President take the recommendations of the ____ . Director OMB If Congress and the President do not complete action on all appropriations bills by ____ of September a _____ is passed by both houses to avoid a shutdown of government. 30th, continuing resolution A Constitutional amendment may be ratified when approved by _____ of the States 3/4 The U.S. House of Representatives number ____ with a ___ and prefaces them with _____. Bills, 1, H.R. The US Senate numbers ____ with a ____ and prefaces them with ___. Bills, 1, S The six major steps of the Budget formulation are: OMB's guidance, organization develops draft, agency submits to OMB, OMB reviews, President takes action, sent to Congress The Budget formulation phase starts as early as _____ months out. 21 Legislation in the US Congress can originate by: The recommendations of the President, Introduced by the members, introduced by Committee The 4 phases of the budget process are: Formulation, Congressional Action, Budget Execution, Perf. & Audit The law requires that on or after the 1st Monday in January but no later than the 1st Monday in _____ the President must submit to Congress the proposed budget for the next fiscal year (FY). Feb The Federal Budget is the ____ Budget. President's In the ______ process the Congress is adjourned and President fails to sign a bill in the 10 day period and the bill does not become law. Pocket veto In this process, the President does not favor a bill and returns it to the house of origin without his approval. Veto In this process, the president does not return a bill within 10 days. He does not desire to approve it, but is unwilling to veto. This is called______. Does not sign but allows to become law In the ________ process, the President signs a bill which is then delivered to the Archivist and designated serially as public law. Approval and Signature True or false: Having more conferees in conference committees gives you a greater advantage in Congressional deliberations. FALSE. While there are no rules concerning number of members for conference committees, no advantage is gained by having more members. There are ____ appropriations bills passed each year. 12 The US Constitution took effect on _____. March 4, 1789 _______ are the totals included in the budget for budget authority, outlays, and receipts. Budget Totals The _____ power shall be vested in a President of the United States of America. Executive If Congress is not adjourned and a bill is not returned by the President in ___ days it____. 10, becomes law as if he signed it All bills for raising revenues originate in the ________.