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United States · Bill · HJRES

H.J.Res. 49 (104th)

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

openUnited States· United States Congress· EN

Introduced

9 January 1995

Last action

24 January 1995 · Committee

Status

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

Sponsors

Rep. Wise, Robert E., Jr. [D-WV-2], Rep. Pomeroy, Earl [D-ND-At Large], Rep. Sawyer, Tom [D-OH-14], Rep. Foglietta, Thomas M. [D-PA-1], Rep. Furse, Elizabeth [D-OR-1], Rep. Eshoo, Anna G. [D-CA-18], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Mink, Patsy T. [D-HI-2], Rep. Thornton, Ray [D-AR-4], Rep. Olver, John W. [D-MA-1], Rep. Coleman, Ronald D. [D-TX-16], Rep. Boucher, Rick [D-VA-9], Rep. Gibbons, Sam [D-FL-11], Rep. Barrett, Thomas M. [D-WI-5], Rep. Borski, Robert A. [D-PA-3], Sen. Schumer, Charles E. [D-NY], Rep. Clyburn, James E. [D-SC-6]

Subjects

Defence, Rule of law, Transport, Taxation, Budget

Source updated

21 November 2018

Defence · Rule of law · Transport · Taxation · Budget

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Summary

Constitutional Amendment - Prohibits Federal outlays of operating funds from exceeding receipts to such funds for any fiscal year plus any operating fund balances carried over from previous fiscal years. 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. Declares that total receipts exclude those derived from net borrowing. Declares that total outlays excludes those for repayment of debt principal and for capital investments in physical infrastructure that provide long-term economic returns but includes an annual debt servicing charge. 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.

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

Timeline

  1. 9 January 1995

    Introduced

    Referred to the House Committee on the Judiciary.

    Source: IntroReferral

  2. 9 January 1995

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 9 January 1995

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 23 January 1995

    Introduced

    Sponsor introductory remarks on measure. (CR H479)

    Source: IntroReferral

  5. 24 January 1995

    Committee

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

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 9 January 1995

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 9 January 1995

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 9 January 1995

    Open at official source

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Sponsors

Related records

Sources

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