[Federal Register Volume 61, Number 143 (Wednesday, July 24, 1996)]
[Notices]
[Pages 38475-38480]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-18776]


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OFFICE OF MANAGEMENT AND BUDGET


Cumulative Report on Rescissions and Deferrals

July 1, 1996.
    This report is submitted in fulfillment of the requirement of 
Section 1014(e) of the Congressional Budget and Impoundment Control Act 
of 1974 (Public Law 93-344). Section 1014(e) requires a monthly report 
listing all budget authority for the current fiscal year for which, as 
of the first day of the month, a special message had been transmitted 
to Congress.
    This report gives the status, as of July 1, 1996, of 24 rescission 
proposals and six deferrals contained in eight special messages for FY 
1996. These messages were transmitted to Congress on October 19, 1995; 
and on February 21, February 23, March 5, March 13, April 12, May 14, 
and June 24, 1996.

Rescissions (Attachments A and C)

    As of July 1, 1996, 24 rescission proposals totaling $1.4 billion 
had been transmitted to the Congress. Congress approved eight of the 
Administration's rescission proposals in P.L. 104-134. A total of 
$963.4 million of the rescissions proposed by the President was 
rescinded by that measure. Attachment C shows the status of the FY 1996 
rescission proposals.

Deferrals (Attachments B and D)

    As of July 1, 1996, $2,338.4 million in budget authority was being 
deferred from obligation. Attachment D shows the status of each 
deferral reported during FY 1996.

Information From Special Messages

    The special messages containing information on the rescission 
proposals and deferrals that are covered by this cumulative report are 
printed in the editions of the Federal Register cited below:

60 FR 55154, Friday, October 27, 1995
61 FR 8691, Tuesday, March 5, 1996
61 FR 10812, Friday, March 15, 1996
61 FR 13350, Tuesday, March 26, 1996
61 FR 17915, Tuesday, April 23, 1996
61 FR 26226, Friday, May 24, 1996
61 FR 34909, Wednesday, July 3, 1996
Jacob J. Lew,
Acting Director.

              Attachment A.--Status of FY 1996 Rescissions              
                        [In millions of dollars]                        
------------------------------------------------------------------------
                                                              Budgetary 
                                                              resources 
------------------------------------------------------------------------
Rescissions proposed by the President......................      1,425.9
Rejected by the Congress...................................       -462.5
Amounts rescinded by P.L. 104-134..........................       -963.4
                                                            ------------
Currently before the Congress..............................            0
------------------------------------------------------------------------


               Attachment B.--Status of FY 1996 Deferrals               
                        [In millions of dollars]                        
------------------------------------------------------------------------
                                                              Budgetary 
                                                              resources 
------------------------------------------------------------------------
Deferrals proposed by the President........................      3,689.7
Routine Executive releases through July 1, 1996 (OMB/Agency             
 releases of $1,351.3 million, partially offset by                      
 cumulative positive adjustment of $4 thousand.)...........     -1,351.3
Overturned by the Congress.................................             
                                                            ------------
Currently before the Congress..............................      2,338.4
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[FR Doc. 96-18776 Filed 7-23-96; 8:45 am]
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