Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government.

Summary

Constitutional Amendment - Prohibits Federal outlays of operating funds from exceeding receipts to such funds for any fiscal year. Waives such prohibition: (1) when a declaration of war is in effect; (2) when the United States by law is engaged in military conflict; or (3) if economic growth has been or will be negative for two consecutive quarters. Requires the President to propose a budget in accordance with this Act. Provides that the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund shall not be counted as receipts or outlays.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 11 March 1994

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• Introduced in House (PDF)

  Introduced in House · EN · 11 March 1994

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 11 March 1994

  Open at official source

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