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United States · Bill · HJRES

H.J.Res. 53 (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

11 January 1995

Last action

24 January 1995 · Committee

Status

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

Sponsors

Rep. Thornton, Ray [D-AR-4], Rep. Fields, Cleo [D-LA-6], Rep. Olver, John W. [D-MA-1], Rep. Wise, Robert E., Jr. [D-WV-2], Rep. Chapman, Jim [D-TX-1], Rep. Jefferson, William J. [D-LA-2], Rep. Metcalf, Jack [R-WA-2], Rep. Moran, James P. [D-VA-8], Rep. Barcia, James A. [D-MI-5], Rep. Borski, Robert A. [D-PA-3], Rep. Eshoo, Anna G. [D-CA-18], Rep. Sawyer, Tom [D-OH-14], Rep. Waters, Maxine [D-CA-43]

Subjects

Defence, Rule of law, Taxation, Budget

Source updated

21 November 2018

Defence · Rule of law · Taxation · Budget

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Summary

Constitutional Amendment - Prohibits total outlays of the operating fund of the United States for any fiscal year from exceeding total receipts to those funds for that fiscal year plus any operating fund balances carried over from previous years. Allows the Congress to waive provisions of this amendment by a declaration of national urgency by the President that is approved by a majority vote of both Houses of the Congress. Requires the President, by the first Monday in February each year, to transmit to Congress a proposed budget in which the total outlays of the operating funds do not exceed total receipts. Declares that total receipts exclude those derived from net borrowing. Declares that total outlays exclude those for repayment of debt principal and for capital and developmental investments that provide demonstrable long-term economic returns but includes an annual debt servicing charge. Declares that the receipts (including attributable interest) and outlays of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund together with outlays for benefits earned by veterans of military service shall not be counted as receipts or outlays.

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

Timeline

  1. 11 January 1995

    Introduced

    Referred to the House Committee on Judiciary.

    Source: IntroReferral

  2. 11 January 1995

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 11 January 1995

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 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 · 11 January 1995

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 11 January 1995

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 11 January 1995

    Open at official source

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Sponsors

Related records

Sources

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