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United States · Bill · HJRES

H.J.Res. 123 (103rd)

Proposing an amendment to the Constitution of the United States to provide for a balanced budget for the United States Government.

openUnited States· United States Congress· EN

Introduced

24 February 1993

Last action

17 March 1994 · Committee

Status

See H.J.Res.103.

Sponsors

Rep. Orton, Bill [D-UT-3]

Subjects

Rule of law, Taxation, Budget

Source updated

2 January 2025

Rule of law · Taxation · Budget

Summary

Constitutional Amendment - Prohibits outlays for any fiscal year (except those for repayment of debt principal) from exceeding receipts (except those derived from borrowing) for that fiscal year. Directs the President to submit a balanced budget to the Congress. Requires the Congress, whenever actual outlays exceed actual receipts for any fiscal year, to provide by law for the repayment of the excess in the ensuing fiscal year. Requires a sequestration of all outlays to eliminate a budget deficit within 15 days after Congress adjourns, if the Congress fails to provide by law for repayment. Waives these provisions for any fiscal year only if the Congress so provides by law by a majority roll call vote of each House. Subjects such waiver to presidential veto.

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

Timeline

  1. 24 February 1993

    Introduced

    Referred to the House Committee on Judiciary.

    Source: IntroReferral

  2. 24 February 1993

    Introduced

    Sponsor introductory remarks on measure. (CR H870-874)

    Source: IntroReferral

  3. 24 February 1993

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 24 February 1993

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 1 March 1993

    Referred

    Referred to the Subcommittee on Economic and Commercial Law.

    Source: Committee

  6. 17 March 1994

    Committee

    See H.J.Res.103.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 24 February 1993

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 24 February 1993

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 24 February 1993

    Open at official source

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Sponsors

Related records

Sources

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