Difference between revisions of "Reconciliation process"
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(New page: Reconciliation process - A process established in the Congressional Budget Act of 1974 by which Congress changes existing laws to conform tax and spending levels to the levels set in a bud...) |
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Revision as of 16:56, October 2, 2007
Reconciliation process - A process established in the Congressional Budget Act of 1974 by which Congress changes existing laws to conform tax and spending levels to the levels set in a budget resolution. Changes recommended by committees pursuant to a reconciliation instruction are incorporated into a reconciliation measure. [1]