Congress 109 - HJRES 58 - Proposing a balanced budget amendment the Constitution of the United States.

Sponsor

Cosponsors

Topics

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

Full Text

View Full Bill Text

Votes

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 rollcall vote of each House, authorizes a specific excess of outlays over receipts.

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

Directs the President to submit a balanced budget to Congress annually.

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

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

Actions

Aug 23, 2005

Referred to the Subcommittee on the Constitution.
Jul 13, 2005

Referred to the House Committee on the Judiciary.
Jul 13, 2005

Introduced in House

Amendments

Related Bills