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Bill· HRH.R. 864 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Department of Housing and Urban Development for annual contributions for assisted housing (R87-44).
Bill· HRH.R. 851 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Office of Vocational and Adult Education for vocational and adult education (R87-31).
Bill· HRH.R. 822 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Agricultural Stabilization and Conservation Service rural clean water program (R87-2).
Bill· HRH.R. 841 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Department of Defense for procurement of Army weapons and tracked combat vehicles (R87-21).
Bill· HRH.R. 860 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Health Resources and Services Administration for Indian health facilities (R87-40).
Bill· HRH.R. 847 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Office of Elementary and Secondary Education for special programs (R87-27).
Bill· HRH.R. 837 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Economic Development Administration for economic development assistance programs (R87-17).
Bill· HRH.R. 856 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Department of Energy for fossil energy research and development (R87-36).
Bill· HRH.R. 843 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Department of Defense for military construction, Air Force (R87-23).
Bill· HRH.R. 852 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Office of Postsecondary Education for student financial assistance (R87-32).
Bill· HRH.R. 839 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the National Oceanic and Atmospheric Administration for operations, research, and facilities (R87-19).
Bill· HRH.R. 833 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for certain watershed and flood prevention operations of the Soil Conservation Service (R87-13).
Bill· HRH.R. 835 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Soil Conservation Service for resource conservation and development (R87-15).
Bill· HRH.R. 848 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Office of Bilingual Education and Minority Languages Affairs for bilingual education (R87-28).
Bill· HRH.R. 829 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Farmers Home Administration for mutual and self-help housing (R87-9).
Bill· HRH.R. 831 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Farmers Home Administration for compensation for construction defects (R87-11).
Bill· HRH.R. 844 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Corps of Engineers for general construction (R87-24).
Bill· HRH.R. 825 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Agricultural Stabilization and Conservation Service for the emergency conservation program (R87-5).
Bill· HRH.R. 827 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Farmers Home Administration for rural community fire protection grants (R87-7).
Bill· HRH.R. 840 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the National Telecommunications and Information Administration for public telecommunications facilities, planning, and construction (R87-20).
Bill· HRH.R. 821 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for Agricultural Research Service buildings and facilities (R87-1).
Bill· HRH.R. 823 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Agricultural Stabilization and Conservation Service for the agricultural conservation program (R87-3).
Bill· HRH.R. 836 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Forest Service for land acquisition (R87-16).
Bill· HRH.R. 832 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Farmers Home Administration for rural housing preservation grants (R87-12).
Bill· HRH.R. 828 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Farmers Home Administration for rural housing for domestic farm labor (R87-8).
Bill· HRH.R. 824 (100th)referred
United States · United States Congress · 29 January 1987
Rescinds budget authority for the Agricultural Stabilization and Conservation Service water bank program (R87-4).
Bill· SS. 405 (100th)referred
United States · United States Congress · 28 January 1987
Disapproves a proposed deferral (D87-33) of budget authority for the temporary emergency food assistance program (under the Department of Agriculture).
Bill· HRH.R. 805 (100th)referred
United States · United States Congress · 28 January 1987
Title I: Pay-As-You-Go-Budget - Pay-As-You-Go Budget Act - Prohibits the Federal budget for a fiscal year, as proposed by the President or as adopted by the Congress in a concurrent resolution on the budget, from: (1) providing for total budget outlays exceeding the total outlays for the preceding fiscal year, unless it provides at least equal increases in revenues and identifies the source of such revenues; or (2) providing for a reduction in revenues from the preceding fiscal year, unless it provides at least equal reductions in outlays and identifies the programs or activities for which outlays will be reduced. Authorizes the Congress, by a two-thirds vote of each House, to waive such prohibition concerning the budget adopted under a concurrent resolution. Prohibits either House from considering a concurrent resolution on the budget for a fiscal year under which revenues exceed outlays, unless the purposes for which such excess revenues are to be allocated are specified. Title II: Biennial Budget - Biennial Budgeting Act of 1987 - Amends the Congressional Budget Act of 1974 to revise the Federal and congressional budget process by: (1) establishing a two-year budgeting cycle beginning in the 101st Congress; and (2) providing for the separate consideration of authorizations, appropriations, the concurrent resolution on the budget, and the reconciliation bill or resolution. Requires each standing committee of the Congress to review the laws and programs under its jurisdiction in every odd-numbered year to determine whether such programs should be continued, curtailed, or eliminated and whether new legislation is necessary to comply with congressional intent. Title III: Line Item Veto - Permits the President, for two years after enactment of this Act, to disapprove any item of appropriation in any Act or joint resolution, except any item for the legislative or judicial branch of the Government. Requires the President to return with his objections any disapproved item of appropriation to the House in which the bill originated. Subjects such bills to the same proceedings as other bills disapproved by the President.
Bill· HRH.R. 796 (100th)referred
United States · United States Congress · 28 January 1987
Disapproves a proposed deferral (D87-33) of budget authority for the temporary emergency food assistance program under the Department of Agriculture.
Resolution· SRESS.Res. 83 (100th)passed
United States · United States Congress · 27 January 1987
Waives certain requirements of the Congressional Budget Act of 1974 with respect to the consideration of S. 382 (mass transportation assistance).
Resolution· SRESS.Res. 85 (100th)passed
United States · United States Congress · 27 January 1987
Waives certain requirements of the Congressional Budget Act of 1974 with respect to the consideration of S. 387 (Federal aid highway program).
Bill· HJRESH.J.Res. 110 (100th)referred
United States · United States Congress · 27 January 1987
Disapproves the proposed rescission (R87-70) of budget authority for Veterans Administration medical care. Requires the amount of such budget authority proposed for rescission to instead be made available for obligation no later than the date of enactment of this joint resolution.
Bill· SJRESS.J.Res. 25 (100th)open
United States · United States Congress · 21 January 1987
Constitutional Amendment - Requires, before each fiscal year: (1) the President to submit to the Congress a proposed statement of revenues and appropriations for the upcoming fiscal year and measures necessary to assure that appropriations will not exceed revenues; and (2) the Congress to approve such a statement and adopt measures to assure that appropriations do not exceed revenues for that year. Prohibits any bill which causes appropriations to exceed revenues for a fiscal year from becoming law unless passed by two-thirds of the Senate and the House of Representatives. Authorizes the Congress to waive this Article in a national emergency.
Bill· HRH.R. 658 (100th)open
United States · United States Congress · 21 January 1987
Provides that the pay increase for Members of Congress recommended by the President on January 5, 1987, pursuant to the Federal Salary Act of 1967 be made contingent on meeting the deficit-reduction requirements of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) for FY 1988 and 1989.
Bill· HRH.R. 703 (100th)referred
United States · United States Congress · 21 January 1987
Social Security Budget Integrity Act of 1987 - Amends title VII (Administration) of the Social Security Act to exclude from Federal budget totals and limitations: (1) the receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund; and (2) employment related social security taxes. Repeals a superseded provision of the Social Security Amendments of 1983 relating to budgetary treatment of social security trust operations as it relates to the Federal Old-Age and Survivors Insurance Trust Fund.
Bill· HJRESH.J.Res. 98 (100th)referred
United States · United States Congress · 21 January 1987
Expresses the sense of the Congress that the proposed rescissions of budget authority for the Department of Housing and Urban Development for the community development block grant program (R87-46) and for the urban development action grant program (R87-47) should not be approved. Requires that funds withheld under these proposed rescission requests be made available for obligation. Directs the Secretary of Housing and Urban Development to resume the funding allocation and application processing appropriate to the respective grant programs.
Resolution· HRESH.Res. 53 (100th)referred
United States · United States Congress · 21 January 1987
Expresses the sense of the House of Representatives that the Congress should reject the President's recommendation in his 1988 budget proposal to repeal the partial excise tax exemption for alcohol fuels.
Resolution· HCONRESH.Con.Res. 27 (100th)open
United States · United States Congress · 21 January 1987
Expresses the opposition of the Congress to proposals in the FY 1988 Budget which would reduce the capacity of the Veterans Administration to provide health care to eligible veterans.
Bill· HJRESH.J.Res. 85 (100th)referred
United States · United States Congress · 20 January 1987
Directs the President to convene a domestic economic summit conference concerning the economic situation created by large Federal deficits. Requires the conference to report to the Congress a comprehensive plan to reduce projected deficits.
Resolution· SRESS.Res. 69 (100th)open
United States · United States Congress · 16 January 1987
Authorizes the Senate Committee on the Budget, from March 1, 1987, through February 29, 1988, to: (1) make expenditures from the contingent fund; (2) employ personnel; (3) utilize, on a reimbursable basis, the services of department or agency personnel; and (4) procure consultant services.
Bill· SS. 286 (100th)referred
United States · United States Congress · 12 January 1987
Budget Procedures Improvement Act of 1987 - Amends the Congressional Budget Act of 1974 to revise the Federal and congressional budget process by: (1) establishing a two-year budgeting cycle and timetable beginning in the 101st Congress; (2) providing for separate consideration of authorizations, appropriations, concurrent resolutions on the budget, and the reconciliation bill or resolution; and (3) requiring the Congress to complete action on a second concurrent resolution on the budget that reaffirms or revises the first budget resolution. Defines the two-fiscal-year budget period as the period of two consecutive fiscal years beginning on October 1 of any even-numbered year. Requires the Director of the Congressional Budget Office, on or before April 15 of each odd-numbered year, to transmit to the Committees on the Budget of the House and of the Senate a fiscal policy report for each fiscal year in the succeeding two-fiscal-year budget period. Requires the Director, on March 31 of each even-numbered year, to transmit to such Committees any revisions necessary due to changing economic conditions or revisions in the President's budget. Requires each Budget Committee to report to its House the first concurrent resolution on the budget by June 15 of each odd-numbered year. Makes it out of order in either the Senate or the House to consider any first concurrent resolution on the budget or any revision thereof which: (1) directs any committee to determine and recommend changes in bills, laws, or resolutions; or (2) includes any matter with respect to any subject other than budget outlays or authority, a budget surplus or deficit, revenues, or the level of the public debt. Requires the Congress to complete action on the first concurrent resolution on the budget by July 31 of each odd-numbered year. Requires the Committee on Appropriations of the House to report regular appropriations bills by March 31 of each even-numbered year. Requires all bills and resolutions providing budget authority or specified spending authority for any two-fiscal-year budget period to be reported: (1) to the House by March 31 of the year in which such period begins; and (2) to the Senate by April 15 of such year. Requires the Congress, by July 15 of each even-numbered year, to complete action on: (1) all regular appropriations bills providing new budget authority for the budget period beginning October 1 of that year; and (2) bills or resolutions providing specified spending authority which is to become effective during such budget period. Prohibits bills and resolutions providing new budget or spending authority for any two-fiscal-year budget period from being enrolled until the second concurrent resolution on the budget has been agreed to, and if a reconciliation bill or resolution, or both, are required to be reported for such period, until the Congress has completed action on such legislation. Requires each Budget Committee, by June 15 of each even-numbered year, to report to its House a second concurrent resolution on the budget that reaffirms or revises the concurrent resolution on the budget most recently agreed to for the upcoming budget period. Requires such second budget resolution to: (1) specify the total amount by which new budget authority, budget authority initially provided for prior fiscal years, new entitlement authority, credit authority, revenues, and the public debt limit are to be changed; and (2) direct the committees having jurisdiction to determine and recommend revisions in the appropriate laws and legislation to effect such changes. Makes it out of order in the House or the Senate to consider any second budget resolution that directs any committee to make revisions authorizing the enactment of new budget authority. Requires the Congress to complete action on the second budget resolution by August 1 of each even-numbered year. Makes it out of order in the House or the Senate to consider any reconciliation legislation changing any provision of law other than one providing new budget or spending authority, relating to revenues, or specifying the amount of the public debt limit. Requires the Congress to complete action on any reconciliation bill or resolution by September 25 of each even-numbered year. Requires specified Congressional Budget Office and congressional committee reports on congressional budget actions to include tables setting forth estimates of budget authority, specified spending authority, and budget outlays for each Federal budget account, including estimates for budget and spending authority which will become available without further congressional action and the resulting budget outlays. Requires such information to accompany any budget resolution or other bill relating to budget authority, spending authority, or outlays that is reported from committee. Requires any bill or resolution authorizing new budget authority to be reported in the House or the Senate by July 1 of the odd-numbered year preceding the budget period. Provides for the waiver of such requirement in the House and the Senate. Requires the Congress to complete action on all such authorizations by December 1 of such year. Directs the Committees on Appropriations of the House and the Senate to: (1) conduct a continuing study of provisions of law which provide spending authority or permanent budget authority; and (2) submit occasional reports on any recommendations for terminating or modifying such provisions. Requires the President to transmit to the Congress: (1) the Federal budget for each two-fiscal-year budget period by January 15 of each odd-numbered year beginning with 1989; and (2) revisions in the budget by January 15 of each even-numbered year. Makes conforming amendments in provisions governing the style and title of Acts making appropriations. Amends the Legislative Reorganization Act of 1946 to require each standing committee of the Senate and the House (except specified committees), during the period beginning on January 15 of each odd-numbered year and ending October 1 of the following year, to: (1) review and study the application, administration, execution, and effectiveness of those laws within the jurisdiction of such committee and the organization and operation of the Federal entities responsible for the administration and execution of such laws in order to determine whether such laws and related programs are being implemented in accordance with congressional intent; (2) study conditions which may indicate the need for legislation; (3) report any findings to its House by October 1 of each even-numbered year; and (4) use such findings as the basis for its legislative work during the succeeding Congress. Requires Federal agencies and the Comptroller General to provide specified assistance to requesting committees. Makes appropriations to continue projects and activities provided for under any regular appropriations Act not enacted by the beginning of a budget period at a rate of operations not exceeding the rate provided for such project or activity in the preceding budget period. Provides that such continuing appropriations shall remain available until the earlier of the day after all regular appropriations bills for the budget period are enacted or the last day of the budget period. Prohibits any regular appropriations Act for any budget period from becoming effective until the later of the first day of such budget period or the day after the date on which all of the regular appropriations bills for such budget period have become law. Makes transitional amendments. Requires the President to submit a budget for FY 1990, and the Congress to act on it, according to current law, with specified exceptions.
Bill· HRH.R. 559 (100th)failed
United States · United States Congress · 8 January 1987
Provides that no increase in pay relating to recommendations made by the Commission on Executive, Legislative, and Judicial Salaries may take effect in any fiscal year, unless the Federal budget is balanced.
Bill· HRH.R. 576 (100th)referred
United States · United States Congress · 8 January 1987
Budget Process Sunset Review Act of 1987 - Title I: Commission on Budget Process Review - Establishes a Commission on Budget Process Review to: (1) review the operation and effectiveness of the Congressional Budget and Impoundment Control Act of 1974 and the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act); (2) study the impact of such Acts on executive and congressional operations; (3) determine whether such Acts should be continued, modified, or terminated; and (4) determine how such Acts might be amended to improve congressional and executive control of budgetary outlay and receipt totals and to reduce Federal deficits. Directs the Commission to report its findings and recommendations to the Congress by September 30, 1987. Terminates the Commission by December 31, 1987. Authorizes appropriations. Title II: Congressional Review and Action on Commission Report - Provides for congressional committee referral and hearings on the Commission's report. Requires the appropriate committee, by December 31, 1987, to report to its House a bill, resolution, or report containing its recommendations with respect to the Commission's report. Sets forth procedures for the privileged consideration of such a bill or resolution in the House of Representatives. Repeals the Congressional Budget and Impoundment Control Act of 1974 and the Balanced Budget and Emergency Deficit Control Act of 1985 on March 15, 1988, unless legislation has been enacted, following the issuance of such committee report, continuing or modifying such Acts.
Bill· HRH.R. 472 (100th)referred
United States · United States Congress · 7 January 1987
Repeals the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act).
Resolution· HRESH.Res. 29 (100th)referred
United States · United States Congress · 7 January 1987
Expresses the sense of the House of Representatives that the President should establish a bipartisan commission on the budget deficit with the express charter to recommend appropriate policy to achieve a balanced Federal budget by the end of FY 1989.
Bill· SS. 75 (100th)referred
United States · United States Congress · 6 January 1987
Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to revise sequestration procedures. Directs the Comptroller General to submit the General Accounting Office's (GAO) initial and revised sequestration reports for a fiscal year to the Director of the Office of Management and Budget (OMB). (Current law requires such reports to be submitted to the President.) Requires the GAO reports to contain the Comptroller General's views concerning the estimates, determinations, and specifications contained in the report submitted by the Directors of OMB and the Congressional Budget Office (CBO). Requires the Director of OMB to issue to the President and the Congress: (1) on September 1 preceding the fiscal year, an initial sequestration report based on the initial GAO report, providing the same items of information as contained in the OMB-CBO report, and explaining any deviations between the estimates, determinations, and specifications included and the views of the Comptroller General in the GAO report; and (2) on October 15, a revised report as necessary in light of the revised GAO report. Requires such revised report to contain the same estimated amounts of budget authority, outlays, spending authority, revenues, obligation limitations, obligated balances, unobligated balances, loan guarantee commitments, and direct loan obligations as contained in the initial report unless a change is required because legislation is enacted, a final regulation is promulgated, or notice of a sale of assets is published after such initial report. Requires the President to issue any necessary initial sequestration order on September 3 (currently, September 1) and the final order on October 17 (currently, October 15). Requires the President's initial and final orders to be in accordance with the initial and revised OMB (currently, GAO) reports. Terminates procedures providing for sequestration from national defense accounts through the termination or modification of existing contracts. Requires the Directors of OMB and CBO and the Comptroller General, by July 25 preceding each fiscal year, to submit to the Temporary Joint Committee on Deficit Reduction a report proposing economic assumptions for specified items for use in preparing sequestration reports for each such fiscal year. Directs the Committee, before September 15, to report a joint resolution which: (1) specifies amounts for economic assumptions, within the range of amounts submitted by the Directors and the Comptroller, to be used by OMB, CBO, and GAO for sequestration reports for the upcoming fiscal year; and (2) directs the President to modify the most recent sequestration order for such fiscal year to implement the amount specified for each economic assumption. Requires each Director or the Comptroller General to use the amounts he or she proposed in preparing sequestration reports if such joint resolution is not enacted. Sets forth rules by which the Directors and the Comptroller General, in preparing sequestration reports for a fiscal year, shall calculate budget outlays resulting from specified items of budgetary resources for an account for purposes of determining budget outlays for non-defense programs for such fiscal year. Requires the Directors, in determining the amount of budget base outlays resulting from obligated balances for defense and non-defense programs for a fiscal year, to use the methodology they used in determining such outlays in the sequestration report for FY 1986. Requires the Directors and the Comptroller General, in preparing initial and final sequestration reports for a fiscal year, to assume that: (1) only those regulations which have been promulgated as final regulations by August 15 (with respect to initial reports) or October 5 (with respect to final reports) will be in effect during such fiscal year; and (2) only those sales of assets by the Government for which a notice has been published in the Federal Register by August 15 (for initial reports) or October 5 (for final reports) will occur during such fiscal year. Requires the Directors and the Comptroller General, in preparing sequestration reports, to: (1) include amounts of budget resources and budget outlays necessary to pay for any adjustments for Federal statutory pay systems or military pay enacted by law; and (2) assume that the percentage of the amounts of budget resources and budget outlays necessary to pay for such adjustments that will be absorbed by all Federal agencies will not exceed the average of the percentage of such amounts absorbed by all agencies for the three most recently completed pay adjustment absorption fiscal years. Requires the budget base, for purposes of determining sequestration reductions for a fiscal year, to be determined assuming the continuation of current law with respect to entitlements funded through annual appropriation Acts and with respect to the Food Stamp Act of 1977. Requires the Comptroller General's report to the Congress on the compliance of the President's sequestration order with sequestration procedures to include information on the compliance of OMB's sequestration reports with such procedures and any recommendations for improving such procedures. Exempts the budget account for Washington Metropolitan Area Transit Authority interest payments from reduction pursuant to a sequestration order. Restores the provisions of the Balanced Budget and Emergency Deficit Control Act of 1985 as in effect before enactment of this Act if provisions of law are enacted which: (1) establish the Comptroller General as an officer in the executive branch; or (2) establish an independent agency in the executive branch to carry out the functions of the Comptroller General. Requires an affirmative vote of three-fifths of the members of the Senate to sustain an appeal of the ruling of the Chair on a point of order raised under certain sequestration procedures in the Senate.
Bill· SJRESS.J.Res. 11 (100th)open
United States · United States Congress · 6 January 1987
Constitutional Amendment - Prohibits Federal outlays from exceeding Federal receipts in any fiscal year, unless the Congress provides for a specific excess by a three-fifths vote of both Houses. Prohibits a bill to increase revenue from becoming law unless approved by a majority of the whole number of both Houses of Congress by roll call vote. Authorizes the Congress to waive this article for any year in which a declaration of war is in effect.
Bill· SJRESS.J.Res. 8 (100th)open
United States · United States Congress · 6 January 1987
Constitutional Amendment - Requires the Congress, before each fiscal year, to adopt a statement in which total outlays are not greater than total receipts for that year. Allows the Congress, by a three-fifths vote of each House, to provide for a specific excess of outlays over receipts. Requires the President and the Congress to ensure that actual outlays do not exceed the outlays set forth in such statement. Requires a three-fifths vote of each House to increase the public debt in order to fund any excess of outlays over receipts for any fiscal year. Requires the approval by a majority of the whole number of each House by rollcall vote before any bill to increase revenue may become law. Directs the President to submit to the Congress a proposed budget for each fiscal year in which total outlays do not exceed total receipts. Permits the President to also recommend an alternative budget in which outlays exceed receipts with an explanation of the need for such excess. Waives this article for any fiscal year in which a declaration of war is in effect. Authorizes the waiver of this article for any fiscal year in which the United States is engaged in military conflict threatening national security, if so declared by an enacted joint resolution.
Bill· SJRESS.J.Res. 4 (100th)open
United States · United States Congress · 6 January 1987
Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement of receipts and outlays for that year in which total outlays are not greater than total receipts. Permits the Congress, in such statement, to provide for a specific excess of outlays over receipts by a three-fifths vote. Requires the President and the Congress to ensure that actual outlays do not exceed the outlays set forth in such statement. Prohibits total receipts for any fiscal year set forth in such statement from increasing by a rate greater than the increase in national income in the last calendar year, unless a bill directed solely to approving specific additional receipts is enacted. Requires the President, prior to each fiscal year, to transmit to the Congress a proposed statement of receipts and outlays for that year consistent with the provisions of this article. Permits the Congress to waive the provisions of this Act with respect to any fiscal year in which a declaration of war is in effect. Declares that total receipts shall include all receipts of the United States, except those derived from borrowing, and total outlays shall include all outlays of the United States, except those for repayment of debt principal. Declares that the amount of Federal public debt as of the first day of the second fiscal year beginning after the ratification of this article shall become the permanent debt limit. Prohibits any increase in such limit unless three-fifths of the whole number of each House of the Congress pass a bill approving such increase and such bill becomes law.
Bill· SJRESS.J.Res. 3 (100th)open
United States · United States Congress · 6 January 1987
Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement for that year in which total outlays are not greater than total receipts. Permits the Congress, by a three-fifths vote of each House, to provide for a specific excess of outlays over receipts in such statement. Prohibits actual outlays from exceeding the outlays set forth in such statement. Prohibits total receipts in such statement from increasing by a rate greater than the increase in national income in the previous year, unless a bill directed solely to approving specific additional receipts is enacted. Permits the Congress to waive the provisions of this Act for any fiscal year in which a declaration of war is in effect.