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 each House 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 a law is enacted solely to approve specific additional receipts. Authorizes a suspension of these provisions for any fiscal year in which the Congress has declared war.

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Votes

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 January 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 5 January 1993

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 5 January 1993

  Open at official source

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