Proposing an amendment to the Constitution of the United States requiring that the Federal budget be balanced and that an increase in the Federal debt requires approval from a majority of the legislatures of the several States.

Summary

Constitutional Amendment - Prohibits total 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). Prohibits total outlays from exceeding 18% of the gross domestic product (GDP) for the calendar year ending before the beginning of such fiscal year. Authorizes Congress to provide for suspension of the imposed limitations for any fiscal year for which two-thirds of each chamber shall provide, by a roll call vote, for a specific excess of outlays over receipts or over 18% of such GDP for such calendar year. Prohibits any bill to levy a new tax or increase the rate of any tax from becoming law unless approved by a two-thirds roll call vote of each chamber. Requires a two-thirds roll call vote of each chamber to increase the public debt limit. Grants Members of Congress standing and a cause of action to seek judicial enforcement of this article when authorized to do so by a petition signed by one-third of the Members of either chamber. Prohibits a federal or state court from ordering any increase in revenue to enforce this article. Requires approval from a majority of the legislatures of the several states to increase the federal debt.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 3 January 2013

   Introduced

   Referred to the House Committee on the Judiciary.

   Source: IntroReferral

2. 3 January 2013

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 January 2013

   Introduced

   Introduced in House

   Source: IntroReferral

4. 25 January 2013

   Referred

   Referred to the Subcommittee on the Constitution And Civil Justice.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 3 January 2013 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 January 2013

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 3 January 2013

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 3 January 2013

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Schweikert, David [R-AZ-1] · R · Sponsor
• · hsju00 · Standing

Related records

• related to ← A joint resolution proposing an amendment to the Constitution of the United States requiring that the Federal budget be balanced.