	Capsule History of OMB

The Office of Management and Budget traces its origin to 1921. 1423) transferred the bureau to the newly created Executive Office of the President (EOP). For example, the Budget Review Division (BRD) coordinates the process for preparing the President's annual budget proposal to Congress. Major Functions

As a primary support agency for the President, OMB has important and varied responsibilities. A-11 , which is updated each year to reflect the President's budget and management priorities. A-19 , OMB's LRD coordinates executive branch review and clearance of congressional testimony and correspondence and agencies' draft bills to ensure compliance with the President's policy agenda, make known the Administration's views on legislation, and allow affected agencies to provide input during intra-executive branch policy development.
The Office of Management and Budget (OMB) is located within the Executive Office of the President (EOP). As a staff agency to the President, OMB acts on the President's behalf in preparing the President's annual budget proposal, overseeing the executive branch, and helping steer the President's policy actions and agenda. In doing so, OMB interacts extensively with Congress in ways that are both visible and hidden from view. This report provides a concise overview of OMB and its major functions, and highlights a number of issues influenced by OMB in matters of policy, budget, management, and OMB's internal operations. This report will be updated annually.