Congressional Budget Control and Oversight Improvement Act

[AI summary unavailable — showing source text] Congressional Budget Control and Oversight Improvement Act - Title I: Change of Fiscal Year - Provides that the fiscal year of the Treasury of the United States shall: (1) through June 30, 1974, commence on July 1 of each year and end on June 30 of the following year; (2) for the period commencing July 1, 1974 and ending on December 31, 1974, be for such period; and (3) beginning on January 1, 1975, commence on January 1 of each year and on December 31 of that same year. Provides for a special appropriation for the fiscal year commencing July 1, 1974, and ending December 31, 1974. Provides that for each fiscal year beginning on or after Janurary 1, 1975, the President shall transmit the Budget to Congress on or before April 15 of the year preceding the commencement of that fiscal year. Establishes dates for the transmittal of the estimated expenditures for the legislative branch and the Supreme Court to the President and dates for the President to submit a supplementary summary of the budget. Revises the accounting procedure as regards sums appropriated to agencies. Requires the President's Economic report to be submitted to Congress not later than January 20 of each year before 19…