Proposing an amendment to the Constitution of the United States to provide for budgetary reform by requiring the reduction of the deficit, a balanced Federal budget, the repayment of the national debt, and establishing line item veto authority for the President.

Summary

Constitutional Amendment - Directs the President, beginning with FY 1997 or the first fiscal year after ratification, whichever is later, to submit a budget of revenues and outlays to Congress. Requires the Congress to adopt a budget that reduces the deficit existing the year prior to ratification by not less than ten percent per year in order to balance the budget within ten fiscal years. Requires a balanced budget by the 11th year after ratification. Requires, beginning with the 11th year, that revenues exceed outlays in order to provide for the reduction of the outstanding gross Federal debt. Requires the reduction to amortize the debt over the next 20 years in order to repay the entire debt by the end of the 30th year after ratification. Allows the waiver of aforementioned requirements when a declaration of war is in effect. Grants the President line-item veto authority in appropriation bills. Directs the Congress to review revenues on a quarterly basis and make adjustments to comply with this Act.

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

Timeline

1. 6 August 1993

   Introduced

   Referred to the House Committee on Judiciary.

   Source: IntroReferral

2. 6 August 1993

   Introduced

   Sponsor introductory remarks on measure. (CR E2076-2077)

   Source: IntroReferral

3. 6 August 1993

   Introduced

   Introduced in House

   Source: IntroReferral

4. 6 August 1993

   Introduced

   Introduced in House

   Source: IntroReferral

5. 10 August 1993

   Referred

   Referred to the Subcommittee on Economic and Commercial Law.

   Source: Committee

6. 17 March 1994

   Committee

   See H.J.Res.103.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 6 August 1993 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 August 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 6 August 1993

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House

  summary · EN · 6 August 1993

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Allard, Wayne [R-CO] · R · Sponsor
• Rep. Ewing, Thomas W. [R-IL-15] · R · Sponsor
• Rep. Ballenger, Cass [R-NC-10] · R · Cosponsor
• Rep. Solomon, Gerald B. H. [R-NY-22] · R · Cosponsor
• Rep. Baker, Richard H. [R-LA-6] · R · Cosponsor
• Rep. Fawell, Harris W. [R-IL-13] · R · Cosponsor
• Rep. Meyers, Jan [R-KS-3] · R · Cosponsor
• · hsju00 · Standing

Related records

• 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.