Free trade: Free trade, a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs (to imports) or subsidies (to exports). a
Deficit Reduction Act 2005 Law and Legal Definition. The Deficit Reduction Act of 2005 is a United States Act of Congress concerning the budget. It addresses deficit reductions ranging from education to housing and Medicare to Medicaid. It was signed into law by President Bush on February 8, 2006 after a closely divided Congress approved the legislation.
General Information/Narrative [Suggest Change] Anti-deficiency is one of the three major fiscal laws that relate to funds execution (the other two are Misappropriation and Bona Fide Need Rule). Anti-deficiency is defined in the Anti-deficiency Act (ADA) (also known as the âamount statuteâ). Sections 1341 and 1517 of Title 31, U.S. Code state that executive agencies and their subordinates cannot: