Proposing an amendment to the Constitution of the United States to require a balanced budget.

referredUnited States· United States Congress· EN

Introduced

11 February 1997

Last action

5 March 1997 · Referred

Status

Referred to the Subcommittee on the Constitution.

Summary

Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts (except those derived from borrowing) for that fiscal year unless the Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over receipts. Requires a three-fifths roll call vote of each House to increase the public debt. Directs the President to submit a balanced budget to the Congress. Authorizes the Congress to waive these provisions when: (1) a declaration of war is in effect; (2) the United States faces an imminent and serious military threat to national security as declared by a joint resolution which becomes law; or (3) the President certifies and Congress affirms by a joint resolution that the United States is experiencing an economic recession. Excludes from consideration as part of Government total receipts and outlays: (1) receipts derived from borrowing and outlays for repayment of debt principal; and (2) receipts and outlays for benefits and administrative expenses of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund that provide earnings-based old-age and survivor or disability cash benefits for individuals and their dependents. Allows any enforcement or implementation legislation of the Congress to rely on estimates of outlays and receipts. Makes this article effective beginning with FY 2002 or with the second fiscal year beginning after its ratification, whichever is later.

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

Timeline

11 February 1997
Introduced
Introduced in House
Source: IntroReferral
11 February 1997
Introduced
Introduced in House
Source: IntroReferral
11 February 1997
Introduced
Referred to the House Committee on the Judiciary.
Source: IntroReferral
5 March 1997
Referred
Referred to the Subcommittee on the Constitution.
Source: Committee

Votes

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Versions

Introduced in House · 11 February 1997 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 11 February 1997
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Introduced in House (PDF)
Introduced in House · EN · 11 February 1997
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Introduced in House
summary · EN · 11 February 1997
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

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Sources

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

Official source: https://www.congress.gov/bill/105th-congress/house-joint-resolution/50
Open data entity: https://api.congress.gov/v3/bill/105/hjres/50
us · 105-hjres-50 · source updated 15 November 2019