Commission To Study Capital Budgeting
Headline: Establishes Commission to Study Federal Capital Budgeting Practices
What it does: The Department of the Treasury must fund and provide administrative support for the commission and ensure it reports within one year.
- Creates an 11-member, bipartisan commission to study capital budgeting.
- Requires the Treasury to fund and provide administrative support.
- Requires a written report to the National Economic Council by March 15, 1998.
Summary
This order creates the Commission to Study Capital Budgeting, an 11-member bipartisan panel led by two co-chairs chosen from its members. The commission will examine capital budgeting practices in other countries, state and local governments, and the private sector, and study definitions of capital and depreciation for federal budgeting.
The Department of the Treasury must fund and provide administrative support. The commission must adopt a majority-approved report and deliver it to the National Economic Council by March 15, 1998; it terminates 30 days after filing the report.
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