Congress 107 - HJRES 86 - Proposing a balanced budget amendment to the Constitution of the United States.

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Balanced budgets Budget deficits Congress Congressional voting Constitutional amendments Debt limit Economics and Public Finance Federal budgets Government Operations and Politics Income tax Law Legislation Record votes Tax rates Taxation

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Summary

Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over receipts.

Requires a three-fifths roll call vote of each House to increase the public debt limit.

Directs the President to submit a balanced budget to Congress.

Prohibits any bill to increase revenue from becoming law unless approved by a majority of each House.

Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.

Actions

May 6, 2002

Referred to the Subcommittee on the Constitution.
Apr 11, 2002

Referred to the House Committee on the Judiciary.
Apr 11, 2002

Introduced in House

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