Proposing a balanced budget amendment to the Constitution of the United States.
Latest action · Oct 24, 2011 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.
- IntroducedOct 14, 2011
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Constitutional Amendment - Prohibits total outlays (except those for payment of debt) for a year from exceeding the average annual revenue (except that derived from borrowing) collected in the three prior years, adjusted in proportion to changes in population and inflation.
Requires a two-thirds roll call vote of each chamber to declare an emergency and provide by law for specific outlays in excess of such limit.
Requires the declaration to specify reasons for the emergency designation and to limit the period in which outlays may exceed such limit to no longer than one year.
Requires all revenue in excess of outlays: (1) to reduce the federal debt; and (2) upon the retirement of such debt, to be held by the Treasury to be used for the specific outlays in excess of such limit.
Prescribes a formula for reducing outlays over ten years.
Cosponsors 59
Members who signed on, in the order they did. Signatures ran from Oct 14, 2011 to Dec 4, 2012, with 30 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-CO | Cory Gardner | Original | Oct 14, 2011 |
| R-IN | Dan Burton | Original | Oct 14, 2011 |
| D-IL | Daniel Lipinski | Original | Oct 14, 2011 |
| D-IA | David Loebsack | Original | Oct 14, 2011 |
| D-NC | Heath Shuler | Original | Oct 14, 2011 |
| D-VA | James P. Moran | Original | Oct 14, 2011 |
| D-CO | Jared Polis | Original | Oct 14, 2011 |
| R-SC | Jeff Duncan | Original | Oct 14, 2011 |
| R-IL | Joe Walsh | Original | Oct 14, 2011 |
| R-TX | John Abney Culberson | Original | Oct 14, 2011 |
| R-CA | John Campbell | Original | Oct 14, 2011 |
| R-KS | Kevin Yoder | Original | Oct 14, 2011 |
| D-OR | Kurt Schrader | Original | Oct 14, 2011 |
| R-IN | Larry Bucshon | Original | Oct 14, 2011 |
| R-IN | Marlin A. Stutzman | Original | Oct 14, 2011 |
Actions 3
Everything that happened, newest first.
- Oct 24, 2011Referred to the Subcommittee on the Constitution.
- Oct 14, 2011Introduced in House
- Oct 14, 2011Referred to the House Committee on the Judiciary.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HJRES 73 | Proposing a spending limit amendment to the Constitution of the United States. | Related bill | Aug 25, 2011 |
| HJRES 102 | Proposing a balanced budget amendment to the Constitution of the United States. | Related bill | Feb 16, 2012 |
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
Text 1
Each version as it was printed, newest first.
- Oct 14, 2011Introduced in House
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.