Checking the Congressional Budget Act of 1974 (Public Law 93344, 88 Stat. 297, 2 U.S.C. §§ 601688) online: Part B, Section 1011-1012 and related (identified elsewhere as Title X) within the Act (also known as the Impoundment Control Act of 1974), specifies that the President may request that Congress rescind appropriated funds.