What was one effect of the Budget and Accounting Act of 1921 on presidential power?

The Budget and Accounting Act of 1921 significantly increased presidential authority over the federal budget process. Before this Act, there was no structured way for the executive branch to prepare and submit a budget, which often led to a lack of coherence in budgetary matters. The Act established a framework in which the President was required to submit an annual budget to Congress, thereby centralizing budgetary authority within the executive branch.

This change allowed the President to take a more active role in fiscal policy and national financial planning, enhancing the ability to set spending priorities and allocate resources according to the administration's goals. The establishment of the Bureau of the Budget (now the Office of Management and Budget) further fortified this control, as it provided the necessary support for the President in budget preparation and implementation. Thus, the Budget and Accounting Act of 1921 served to expand presidential powers regarding budget management, making the executive branch a key player in fiscal matters that were previously more fragmented and ambiguous.