To amend the Constitution of the United States to provide for balanced budgets and elimination of the Federal indebtedness.

openUnited States· United States Congress· EN

Introduced

4 January 1995

Last action

24 January 1995 · Committee

Status

For Further Action See H.J.Res.1.

Summary

Constitutional Amendment - Prohibits, beginning in FY 1999, the Government from: (1) borrowing money or any other thing of value except for the purpose of rolling over its existing debt balance; and (2) issuing additional currency except as it reflects additional U.S. productivity. Requires, beginning in FY 2000 and for the next 39 succeeding fiscal years, the national debt to be retired by an amount equal to two and one-half percent of the national debt at the beginning of FY 2000.

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

Timeline

4 January 1995
Introduced
Referred to the House Committee on the Judiciary.
Source: IntroReferral
4 January 1995
Introduced
Introduced in House
Source: IntroReferral
4 January 1995
Introduced
Introduced in House
Source: IntroReferral
24 January 1995
Committee
For Further Action See H.J.Res.1.
Source: Committee

Votes

No vote records are attached yet.

Versions

Introduced in House · 4 January 1995 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 4 January 1995
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Introduced in House (PDF)
Introduced in House · EN · 4 January 1995
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Introduced in House
summary · EN · 4 January 1995
Open at official source
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Related records

related to ← Proposing a balanced budget amendment to the Constitution of the United States.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/104th-congress/house-joint-resolution/31
Open data entity: https://api.congress.gov/v3/bill/104/hjres/31
us · 104-hjres-31 · source updated 21 November 2018