amendment of the budget and accounting procedures act of 1950

amendment of the budget and accounting procedures act of 1950 Sec. 402. Title II of the Budget and Accounting Procedures Act of 1950 is amended by adding at the end thereof the following new section: 86 Stat. 1326 “reports on impounded funds “Sec. 203. (a) If any funds are appropriated and then partially or completely impounded, the President shall promptly transmit to the Congress and to the Comptroller General of the United States a report containing the following information: “(1) the amount of the funds impounded; “(2) the date on which the funds were ordered to be impounded; “(3) the date the funds were impounded; “(4) any department or establishment of the Government to which such impounded funds would have been available for obligation except for such impoundment; “(5) the period of time during which the funds are to be impounded; “(6) the reasons for the impoundment; and “(7) to the maximum extent practicable, the estimated fiscal, economic, and budgetary effect of the impoundment. “(b) If any information contained in a report, transmitted under subsection (a) is subsequently revised, the President shall promptly transmit to the Congress and the Comptroller General a supplementary report stating and explaining each such revision. “(c) Any report or supplementary report, transmitted under this section shall be printed in the first issue of the Federal Register published after that report or supplementary report is so transmitted.”