An amendment in the nature of a substitute that would establish separate capital and operating federal budgets, only the latter of which would be required to be balanced. Social Security would be exempt from the provisions of the amendment. None of the supermajority provisions required by the original text and the other substitute amendments would be required to waive balanced budget provisions. The amendment would prohibit Congress from deficit spending, except in the case of war, serious military threat, or recession.

failedUnited States· United States Congress· EN

Introduced

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Last action

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Status

On agreeing to the Wise amendment (A003) Failed by recorded vote: 111 - 318 (Roll no. 64).

Records

Official amendment HAMDT 470 (103rd) from United States at United States Congress. Status: On agreeing to the Wise amendment (A003) Failed by recorded vote: 111 - 318 (Roll no. 64)..

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Related records

amends → 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.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/amendment/103rd-congress/hamdt-470
Open data entity: https://api.congress.gov/v3/amendment/103/hamdt/470
us · 103-hamdt-470 · source updated 15 August 2021