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094150 1 (1974-12-19)

handle is hein.gao/gaobadxjc0001 and id is 1 raw text is: 








       UNITED STATES GENERAL AC COUNTING OFFICE
                WASHINGTON, D. C. 20548

                            FOR RELEASE ON DELIVERY
                            EXPECTED AT 11 A. M. ON
                                 ECEMBE 19, 974


                     STATEMENT OF
                     ELMER B. STAATS
       COMPTROLLER GENERAL OF THE UNITED STATES
                      BEFORE THE
           S  COMMITTEE ON THE BUDGET,
                 UNITED STATES SENATE



Mr. Chairman and Members of the Committee:

    Thank you for having invited me to discuss with you my recent

letter of December 4, 1974, to the Speaker of the House and the

President Pro Tempore of the Senate, a copy of which is attached

to my statement today. This letter addressed the question whether,

under the Impoundment Control Act of 1974, withholdings by the

President of budget authority for temporary periods for 'fiscal

policy reasons are properly treated as ''deferrals' rather than

rescissions. 11We concluded that such withholdings are properly

reported as deferrals, so long as their duration is proposed to be

less than the current fiscal year. We came to this conclusion after

detailed consideration of the law and its legislative history and, I

might add, after hearing advocates for both sides of the question.
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