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

Summary

Constitutional Amendment - Prohibits fiscal year Federal outlays (except those for repayment of debt principal) from exceeding receipts (except those derived from borrowing), unless the Congress authorizes a specific excess by a three-fifths vote of both Houses. Permits any bill for raising taxes to become law only if a majority of the whole number of both Houses of Congress approves it by roll call vote. Authorizes a waiver of these provisions when a declaration of war is in effect. Prohibits an increase in the public debt limit unless three-fifths of both Houses provide by law for such an increase by a roll call vote.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 March 1993

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• Introduced in House (PDF)

  Introduced in House · EN · 30 March 1993

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 30 March 1993

  Open at official source

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