Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation.

Summary

Constitutional Amendment - Requires the Congress and the President, before each fiscal year, to agree on an estimate of total receipts for that fiscal year by enactment into law of a joint resolution. Prohibits total 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 three-fifths rollcall vote of each House, authorizes a specific excess of outlays over receipts. Requires that the Congress provide by law for the repayment in the ensuing fiscal year of outlays that exceed actual receipts for a given year. Requires a three-fifths rollcall vote of each House to increase the public debt limit. Directs the President to submit a balanced budget to Congress annually. Prohibits any bill to increase revenue from becoming law unless approved by a majority of each House by rollcall vote. Authorizes waivers of these provisions when a declaration of war is in effect.

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

Timeline

1. 4 January 2005

   Introduced

   Referred to the House Committee on the Judiciary.

   Source: IntroReferral

2. 4 January 2005

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 January 2005

   Introduced

   Introduced in House

   Source: IntroReferral

4. 2 March 2005

   Referred

   Referred to the Subcommittee on the Constitution.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 4 January 2005 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 January 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 4 January 2005

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 4 January 2005

  Open at official source

Sponsors

• Rep. Emerson, Jo Ann [R-MO-8] · R · Sponsor
• Rep. Otter, C. L. (Butch) [R-ID-1] · R · Cosponsor
• Rep. Goode, Virgil H., Jr. [R-VA-5] · R · Cosponsor
• · hsju00 · Standing

Related records

No cross-record relationships stored yet.