The Cost Accounting Standards Board (CASB) is a regulatory board established in the USA in 1970 by Congress to promote consistency and uniformity in cost-accounting practices among government contractors, facilitating accurate reporting of costs associated with government contracts.
Franking privilege refers to the ability granted to members of Congress to send mail without postage charges. This privilege is used for official correspondence, updates to constituents, and other legislative matters.
The Internal Revenue Code of 1986 (IRC) is a comprehensive statute passed by Congress that outlines the laws governing the taxation of income. It details how income is to be taxed, what may be deducted from taxable income, and the provisions for enforcement and interpretation.
The Joint Economic Committee (JEC) is a joint House and Senate committee that focuses on significant economic matters and developments to keep Congress informed.
Action with respect to acts, bills, and resolutions or similar items by Congress, a state legislature, local governing body, public referendum, or constitutional amendment. Legislation does not include acts or rulings of executive, judicial, or administrative bodies.
