Proposing an amendment to the Constitution of the United States relative to balancing the budget.

Summary

Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a two-thirds roll call vote of each chamber, authorizes a specific excess of outlays over receipts. Prohibits total outlays for any fiscal year from exceeding 18% of the gross domestic product (GDP) for the preceding calendar year unless Congress, by a two-thirds roll call vote of each chamber, authorizes a specific excess over such 18%. Directs the President to submit a balanced budget to Congress annually. Prohibits any bill from becoming law that imposes a new tax or increases the statutory rate of any tax or the aggregate amount of revenue, unless approved by a two-thirds roll call vote of each chamber. Requires a three-fifths roll call vote of each chamber to increase the federal debt limit. Authorizes waivers of these requirements: (1) when a declaration of war is in effect against a nation-state and Congress, by a majority roll call vote of each chamber, authorizes a specific excess; or (2) under other specified circumstances involving military conflict, if Congress, by a three-fifths roll call vote of each chamber, authorizes such waiver. Prohibits a federal or state court from ordering any increase in revenue to enforce this article.

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

Timeline

1. 3 January 2013

   Introduced

   Referred to the House Committee on the Judiciary.

   Source: IntroReferral

2. 3 January 2013

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 January 2013

   Introduced

   Introduced in House

   Source: IntroReferral

4. 25 January 2013

   Referred

   Referred to the Subcommittee on the Constitution And Civil Justice.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 3 January 2013 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 January 2013

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 3 January 2013

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 3 January 2013

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  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

• Rep. Buchanan, Vern [R-FL-16] · R · Sponsor
• Rep. Lance, Leonard [R-NJ-7] · R · Cosponsor
• Rep. Long, Billy [R-MO-7] · R · Cosponsor
• · hsju00 · Standing

Related records

• related to ← Proposing a balanced budget amendment to the Constitution of the United States.
• related to ← Proposing an amendment to the Constitution of the United States to balance the Federal budget.
• related to ← Proposing a balanced budget amendment to the Constitution of the United States.
• related to ← A joint resolution proposing an amendment to the Constitution of the United States relative to balancing the budget.