Proposing an amendment to the Constitution of the United States requiring a balanced budget.

Summary

Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement in which total Federal outlays do not exceed total receipts, unless a three-fifths rollcall vote of both Houses authorizes a specific excess. Prohibits any increase in the public debt unless three-fifths of both Houses of the Congress enacts legislation permitting otherwise. Permits any revenue-increasing bill to become law only if approved by a majority of the whole number of both the Senate and the House of Representatives by rollcall vote. Directs the President to submit a balanced budget to the Congress. Waives these provisions automatically when a declaration of war is in effect.

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Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 January 1991

  Open at official source

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