Proposing an amendment to the Constitution relating to Federal budget procedures.

Summary

Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement in which total Federal outlays (except those for repayment of debt principal) do not exceed total receipts (except those derived from borrowing), unless a three-fifths vote of both Houses authorizes a specific excess. Limits the rate of increase in receipts in the statement to that of the increase in national income in the previous calendar year, unless law is enacted solely to approve specific additional receipts. Directs the President to submit a balanced budget. Authorizes waiver of these provisions in time of war. Sets a permanent limit on the amount of Federal public debt, prohibiting any increase unless legislation enacted by a three-fifths majority of both Houses becomes law.

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

Timeline

1. 23 February 1989

   Introduced

   Referred to the House Committee on Judiciary.

   Source: IntroReferral

2. 23 February 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 February 1989

   Introduced

   Introduced in House

   Source: IntroReferral

4. 27 March 1989

   Referred

   Referred to the Subcommittee on Economic and Commercial Law.

   Source: Committee

5. 17 July 1990

   Committee

   For Further Action See H.J.Res.268.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 23 February 1989

  Open at official source

Sponsors

• Rep. Erdreich, Ben [D-AL-6] · D · Sponsor
• · hsju00 · Standing

Related records

• related to → Proposing an amendment to the Constitution relating to Federal budget procedures.
• related to ← 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.