Final answer:
The Impoundment Control Act of 1974 was a law passed by Congress to address concerns over the executive branch withholding or delaying funds appropriated by Congress. It required the President to notify Congress and seek approval before impounding funds.
Step-by-step explanation:
The Impoundment Control Act of 1974 was a legislative measure passed by the U.S. Congress. It aimed to address a concern over the executive branch's practice of withholding or delaying the release of funds that had been appropriated by Congress for specific purposes. Under this act, the President was required to notify Congress and seek approval within a certain timeframe before impounding funds. This legislation was a response to concerns about the separation of powers between the executive and legislative branches of government.