A joint resolution proposing an amendment to the Constitution altering Federal budget procedures.

Summary

Constitutional Amendment - Requires Congress, prior to each fiscal year, to adopt a statement of receipts and outlays for that year in which total outlays are no greater than total receipts. Permits the revision of such statement. Permits an excess of outlays over receipts when approved by a vote of three-fifths of both Houses of Congress directed solely to that subject. Requires Congress and the President to ensure that actual outlays do not exceed the outlays set forth in such statement. Prohibits total receipts for any fiscal year set forth in such statement from increasing by a rate greater than the rate of increase in national income in the last calendar year ending before such fiscal year, unless a bill directed solely to approving specific additional receipts is passed by a majority of both Houses. Permits a waiver of such prohibitions for any fiscal year in which a declaration of war is in effect. Declares that total receipts shall include all receipts of the United States except those derived from borrowing and total outlays shall include all outlays except those for repayment of debt principal.

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

Timeline

1. 16 March 1982

   Introduced

   Introduced in House

   Source: IntroReferral

2. 16 March 1982

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 March 1982

   Introduced

   Referred to House Committee on The Judiciary.

   Source: IntroReferral

4. 18 March 1982

   Referred

   Referred to Subcommittee on Monopolies and Commercial Law.

   Source: Committee

5. 5 May 1982

   Committee

   Subcommittee Hearings Held.

   Source: Committee

6. 19 May 1982

   Committee

   Subcommittee Hearings Held.

   Source: Committee

7. 18 August 1982

   Committee

   See H.J.Res.350.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 16 March 1982

  Open at official source

Sponsors

• Sen. Daschle, Thomas A. [D-SD] · D · Sponsor
• · hsju00 · Standing

Related records

• related to → A joint resolution proposing an amendment to the Constitution altering Federal budget procedures.