United States Senate Committee on the Budget

The United States Senate Committee on the Budget was created by the Congressional Budget and Impoundment Control Act of 1974. It is responsible for drafting Congress's annual budget plan and creating an action on the budget for the Federal Government. 
The committee has power over the Congressional Budget Office. The committee briefly operated as a special committee from 1919 to 1920 during the 66th Congress, before being made a standing committee in 1974.