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.

Summary

Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts (except those derived from borrowing) for that fiscal year unless the Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over receipts. Requires a three-fifths roll call vote of each House to increase the public debt. Directs the President to submit a balanced budget to the Congress. Requires the approval of a majority of each House by roll call vote before any bill to increase revenue may become law. Waives these provisions when a declaration of war is in effect. Waives these provisions when the United States is engaged in a military conflict which poses a threat to national security as declared by a joint resolution adopted by a majority of each House.

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Timeline

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Votes

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Versions

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Documents

4 official files

• Failed of passage in House

  summary · EN · 17 March 1994

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• Introduced in House (text)

  Introduced in House · EN · 4 February 1993

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• Introduced in House (PDF)

  Introduced in House · EN · 4 February 1993

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• Introduced in House

  summary · EN · 4 February 1993

  Open at official source

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