Executive Order 3550—The Budget

By virtue of the authority vested in me by the Budget and Accounting Act, 1921, approved June 10, 1921, I hereby prescribe the following rules and regulations with regard to the preparation and submission of the Budget and the conduct of the Bureau of the Budget:

Revision of the Estimates. Pursuant to the provisions of section 207 of the Budget and Accounting Act, the Bureau of the Budget, under the supervision of the Director and subject to review and determination by the President, shall assemble, revise, reduce or increase the estimates of the departments or establishments as submitted to the Bureau. The Director of the Budget shall determine the plan as to the contents, order and arrangement of the estimates. In increasing or decreasing the estimates of the appropriations necessary for any department or establishment he shall take into consideration any proper reduction in working forces, reduction in compensation, and the elimination of unnecessary activities. Estimates, however, in respect to the principal or interest of the public debt shall be subject to revision only with the concurrence of the Secretary of the Treasury. For the purpose of assisting the President with information in the formation of business policy for the Government the estimates of appropriations and of expeditures and receipts, when assembled and revised by the Bureau, shall be transmitted by the Director to the President as soon as possible after their receipt from the departments and establishments by the Bureau, in the form of a consolidated statement of estimated revenue and expenditure, with supporting schedules.

WARREN G. HARDING

THE WHITE HOUSE, September 21, 1921.