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

Summary

Constitutional Amendment - Prohibits total outlays from exceeding total receipts, unless a three-fifths vote of both Houses authorizes a specific excess. Declares that total receipts include all receipts of the United States except those derived from borrowing or retirement trust funds. Declares that total outlays include all outlays except those for retirement trust funds or repayment of debt principal. Directs the President to submit a balanced budget. Waives these provisions when a declaration of war is in effect. Requires roll call votes in the House and Senate under this amendment. Makes this amendment effective the second fiscal year after its ratification. Declares that if there is a Federal budget deficit for the first fiscal year beginning after its ratification, then during the next five fiscal years, the annual budget deficit may not exceed specified percentums of that budget deficit for each of those years.

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

Timeline

1. 19 January 1995

   Introduced

   Introduced in House

   Source: IntroReferral

2. 19 January 1995

   Introduced

   Referred to the House Committee on the Judiciary.

   Source: IntroReferral

3. 19 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

• Introduced in House · 19 January 1995 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 19 January 1995

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 19 January 1995

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 19 January 1995

  Open at official source

Sponsors

• Rep. Poshard, Glenn [D-IL-22] · D · Sponsor
• · hsju00 · Standing

Related records

• related to ← Proposing a balanced budget amendment to the Constitution of the United States.