Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation.
Latest action · Feb 12, 2001 Referred to the Subcommittee on the Constitution.
Progress
Where this resolution reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 7, 2001
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Requires Congress, whenever actual outlays exceed actual receipts for any fiscal year, to provide by law for the repayment of the excess in the ensuing fiscal year.
Requires a three-fifths roll call vote of each House to increase the public debt.
Directs the President to submit a balanced budget to Congress.
Requires the approval of a majority of the total membership of each House by roll call vote before any bill to increase revenue may become law.
Waives these provisions when a declaration of war is in effect.
Cosponsors
Members who signed on, in the order they did.
Actions 3
Everything that happened, newest first.
- Feb 12, 2001Referred to the Subcommittee on the Constitution.
- Feb 7, 2001Introduced in House
- Feb 7, 2001Referred to the House Committee on the Judiciary.
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this resolution on Congress.gov and govinfo.gov.