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Referandom Glossary

Impoundment Control Act

Budget and Taxalso called Impoundment Control Act of 1974, impoundment

The 1974 law that sets rules for when the president may delay or withhold money Congress has provided. Withholding funds to cancel them requires a rescission proposal, which Congress must pass within 45 days of continuous session.

Referandom Glossary

Rescission

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