Economy, finance and labor

Executive Order 13037: Commission To Study Capital Budgeting

President: Bill Clinton

Created a bipartisan commission to examine whether and how the federal budget should distinguish capital investment from other spending.

Status: Revoked. Is Executive Order 13037 still in effect? No. Executive Order 13037 was revoked. See Federal Register record.

What does Executive Order 13037 do?

EO 13037 established the Commission to Study Capital Budgeting to evaluate alternative definitions of federal capital, accounting and scoring methods, experiences of states and other countries, and the consequences of a separate capital budget. Later orders expanded its membership and extended its reporting deadline. The commission issued its report in early 1999, and EO 13138 abolished it that September.

Administration position: The order commissioned analysis; it did not create a federal capital budget or change congressional budget scoring.
SignedMarch 3, 1997
Initial membership11 members
Report deadline after extensionFebruary 1, 1999

Before and after

Before the order

Federal budgeting generally recorded investment and other outlays in a unified cash-based framework.

After the order

The commission documented options and trade-offs but did not produce an automatic change in federal budget law.

Who had to do what

Agency / officeActionTiming / position
CommissionStudy definitions, methods and consequencesCompleted
Treasury and OMBProvide administrative support and informationDuring commission life
President and CongressReceive the reportCompleted

What happened next

EO 13037 created the commission.

EO 13066 expanded membership to no more than 20.

EO 13108 extended the report and termination dates.

EO 13138 abolished the commission.