Rescission
From Conservapedia - Reading time: 1 min
Rescission is the unmaking or undoing of a contract; repeal.
In government, rescission is the cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1947 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds must be made available for obligation.
External links[edit]
Licensed under CC BY-SA 3.0 | Source: https://www.conservapedia.com/Rescission9 views | Status: cached on March 27 2023 11:45:44↧ Download this article as ZWI file
EncycloReader
is supported by the 
KSF