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094565 1 (1974-12-19)

handle is hein.gao/gaobacukh0001 and id is 1 raw text is: 094565 UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D. C. 20548 FOR RELEASE ON DELIVERY EXPECTED AT 11 A. M. ON DECEMBER 19, 1974 STATEMENT OF ELMER B. STAATS COMPTROLLER GENERAL OF THE UNITED STATES BEFORE THE el 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 C -4/ 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. We 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. 709847

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