The Office of Management and Budget is the largest office within the Executive Office of the President of the United States. Its most prominent function is to produce the president’s budget, but it also examines agency programs, policies, and procedures. The OMB director reports to the president, vice president and the White House chief of staff.
About Office of Management and Budget in brief
The Office of Management and Budget is the largest office within the Executive Office of the President of the United States. OMB’s most prominent function is to produce the president’s budget, but it also examines agency programs, policies, and procedures. The OMB director reports to the president, vice president and the White House chief of staff. The current OMB Director is Russell Vought. On November 29, 2020, President-elect Joe Biden announced that he would nominate Neera Tanden as the next O MB director, subject to Senate approval. The Bureau of the Budget was established in 1921 as a part of the Department of the Treasury by the Budget and Accounting Act of 1921, which President Warren G. Harding signed into law. The first OMB included Roy Ash, Paul O’Neill, Fred Malek, Frank Zarb and two dozen others. In the 1990s, OMB was reorganized to remove the distinction between management staff and budgetary staff by combining the dual roles into each given program examiner within the Resource Management Offices.
The Office of Information and Regulatory Affairs is the central clearing house for proposed legislation or testimony by federal officials. It is responsible for writing an Enrolled Bill that distills the comments about the proposed legislation to all relevant federal reviewers. The Legislative Reference Division is largely responsible for the technical estimation of the budget for the executive branch. The BRD serves a parallel to that of the Congressional Budget Office for estimating Congressional spending, and the Joint Committee on Taxation for estimating tax revenue. The office specializes in issues such as federal regulations and procurement policy and law. Other components are OMB-wide support offices, including the Office of General Counsel, the Budget Affairs Review Division and the Budget Reference Division.
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This page is based on the article Office of Management and Budget published in Wikipedia (as of Dec. 01, 2020) and was automatically summarized using artificial intelligence.
