Match Each Statement with the Correct Term Below

question 89

Multiple Choice

Match each statement with the correct term below.
-Finance Committee

• A)Where federal tax legislation generally originates.
• B)Has jurisdiction over all tax matters in the U.S. Senate.
• C)The committee responsible for initial hearings and deliberations on a tax bill.
• D)Responsible for negotiating a resolution of the differences in the House and Senate versions of a tax bill.
• E)The agency within the administrative branch of government with overall responsibility for administration of tax law.
• F)Oversees the operation and administration of the tax system as a whole, and prepares a general explanation of any tax bill signed by the President.

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Definitions:

National Environmental Policy Act

A United States environmental law that promotes the enhancement of the environment and established the President's Council on Environmental Quality.

Federal Action

Legal proceedings initiated by or involving a federal government agency or its interests.

Environmental Impact Statement

A document that outlines the potential environmental effects of proposed projects or actions, often required by law before such activities can proceed.

Unsecured Creditor

A creditor who lends money without obtaining specified assets as collateral, making recovery of loaned funds upon debtor's default less certain.