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 - Requires Congress and the President to agree annually on an estimate of total receipts (except those derived from borrowing) for a fiscal year by enactment into law of a joint resolution devoted solely to that subject. Prohibits outlays for that year (except those for repayment of debt principal) from exceeding the estimated receipts set forth in the joint resolution, unless Congress, by a three-fifths rollcall vote of the total membership of each chamber, authorizes a specific excess of outlays over estimated receipts. Requires Congress, whenever actual outlays exceed actual receipts for any fiscal year, to provide by law for the repayment of such excess in the ensuing fiscal year. Prohibits any increase in the public debt of the United States unless three-fifths of the total membership of each House provides for it by a rollcall vote. Directs the President to submit a balanced budget to Congress annually. Prohibits any bill to increase revenue from becoming law unless approved by a majority of each chamber by a rollcall vote. Waives these provisions when a declaration of war is in effect.

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

Timeline

1. 18 January 2013

   Introduced

   Referred to the House Committee on the Judiciary.

   Source: IntroReferral

2. 18 January 2013

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 January 2013

   Introduced

   Introduced in House

   Source: IntroReferral

4. 28 February 2013

   Referred

   Referred to the Subcommittee on the Constitution And Civil Justice.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 18 January 2013 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 18 January 2013

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 18 January 2013

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 18 January 2013

  Open at official source

Sponsors

• Rep. Emerson, Jo Ann [R-MO-8] · R · Sponsor
• · hsju00 · Standing

Related records

No cross-record relationships stored yet.