What Is Meant by Congressional Oversight? What Oversight Authority Is

question 24

Essay

What is meant by congressional oversight? What oversight authority is given to the House? What oversight authority is given to the Senate? Identify and discuss some of the unique oversight powers of the Senate, especially in relation to the other two branches of government.

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Definitions:

Credit Availability

The ease with which individuals or businesses can obtain loans or credit.

Cash Discounts

The amount by which a seller is willing to reduce the invoice price in order to be paid immediately, rather than in the future. A cash discount might be 2/10, net 30, which means a 2% discount if the bill is paid within 10 days, otherwise the entire amount is due within 30 days.

Delayed Payment

Delayed Payment is a payment made after the originally agreed-upon due date, often subject to additional fees or interest charges.

Credit Policy

Guidelines that a company follows to determine the creditworthiness of customers, the terms of credit to offer, and how to collect payments.