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31 U.S.C. § 505 — Office of Information and Regulatory Affairs
Federal law — U.S. Code and appendices · legal_authorities
The Office of Information and Regulatory Affairs, established under [section 3503 of title 44](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title44-section3503&num=0&edition=prelim), is an office in the Office of Management and Budget.
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Source file: Laws/federal/codes/united-states-code/title-31/section-505-office-of-information-and-regulatory-affairs--22ef27e4ad.md
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Source location: Title 31, Chapter 5, § 505; chapter-005-office-of-management-and-budget.md
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The Office of Information and Regulatory Affairs, established under [section 3503 of title 44](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title44-section3503&num=0&edition=prelim), is an office in the Office of Management and Budget.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Subject to the direction and approval of the Director, the Deputy Director for Management shall establish governmentwide financial management policies for executive agencies and shall perform the following financial management functions:
(1) Perform all functions of the Director, including all functions delegated by the President to the Director, relating to financial management.
(2) Provide overall direction and leadership to the executive branch on financial management matters by establishing financial management policies and requirements, and by monitoring the establishment and operation of Federal Government financial management systems.
(3) Review agency budget requests for financial management systems and operations, and advise the Director on the resources required to develop and effectively operate and maintain Federal Government financial management systems and to correct major deficiencies in such systems.
(4) Review and, where appropriate, recommend to the Director changes to the budget and legislative proposals of agencies to ensure that they are in accordance with financial management plans of the Office of Management and Budget.
(5) Monitor the financial execution of the budget in relation to actual expenditures, including timely performance reports.
(6) Oversee, periodically review, and make recommendations to heads of agencies on the administrative structure of agencies with respect to their financial management activities.
(7) Develop and maintain qualification standards for agency Chief Financial Officers and for agency Deputy Chief Financial Officers appointed under sections 901 and 903, respectively (excluding any officer designated or appointed under section 901(c)).
(8) Provide advice to agency heads with respect to the selection of
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 503
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** There is established in the Office of Management and Budget an office to be known as the Office of Information and Regulatory Affairs.
**(b)** There shall be at the head of the Office an Administrator who shall be appointed by the President, by and with the advice and consent of the Senate. The Director shall delegate to the Administrator the authority to administer all functions under this subchapter, except that any such delegation shall not relieve the Director of responsibility for the administration of such functions. The Administrator shall serve as principal adviser to the Director on Federal information resources management policy.
Source: Supplied U.S. Code snapshot — release unconfirmed · 44 U.S.C. § 3503
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Federal law — U.S. Code and appendices · legal_authorities
Page 71
TITLE 31—MONEY AND FINANCE
§ 522
(c) The Controller of the Office of Federal Fi-
nancial Management shall be the deputy and
principal advisor to the Deputy Director for
Management in the performance by the Deputy
Director for Management of functions described
in section 503(a).
(Added Pub. L. 101–576, title II, § 203(a), Nov. 15,
1990, 104 Stat. 2841.)
Editorial Notes
PRIOR PROVISIONS
A prior section 504 was renumbered section 506 of this
title.
§ 505. Office of Information and Regulatory Af-
fairs
The Office of Information and Regulatory Af-
fairs, established under section 3503 of title 44, is
an office in the Office of Management and Budg-
et.
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 886, § 503;
renumbered § 505, Pub. L. 101–576, title II, § 202(a),
Nov. 15, 1990, 104 Stat. 2839.)
HISTORICAL AND REVISION NOTES
Revised
Section
Source (U.S. Code)
Source (Statutes at Large)
503 ..........
(no source).
The section is included to provide in subchapter I of
chapter 5 of the revised title a complete list of the or-
ganizational units established by law that are in the
Office of Management and Budget or are subject to the
direction and supervision of the Director of the Office
of Management and Budget.
Editorial Notes
AMENDMENTS
1990—Pub. L. 101–576 renumbered section 503 of this
title as this section.
§ 506. Office of Federal Procurement Policy
The Office of Federal Procurement Policy, es-
tablished under section 1101(a) of title 41, is an
office in the Office of Management and Budget.
(Added Pub. L. 97–452, § 1(1)(A), Jan. 12, 1983, 96
Stat. 2467, § 504; renumbered § 506, Pub. L. 101–576,
title II, § 202(a), Nov. 15, 1990, 104 Stat. 2839;
amended Pub. L. 111–350, § 5(h)(1), Jan. 4, 2011, 124
Stat. 3848.)
HISTORICAL AND REVISION
Source: Supplied 2024 U.S. Code historical extraction · 31 U.S.C. § 505
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.