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

Summary

Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement in which total Federal outlays do not exceed total receipts, unless a three-fifths vote of both Houses authorizes a specific excess. Declares that actual outlays include the cost to a State of any requirement imposed upon a State by Federal law that is not paid for by the Federal Government, and the cost to a State of complying with any condition imposed by Federal law on the receipt by a State of appropriated funds, other than a condition directly and substantially related to the purpose of the appropriation. Directs the President to submit a balanced budget. Waives the provisions of this amendment for any fiscal year in which a declaration of war is in effect or when the United States by law faces an imminent and serious military threat to national security. Sets a permanent limit on the amount of Federal public debt, prohibiting any increase unless legislation enacted by a three-fifths majority of both Houses becomes law. Requires roll call votes in the House and Senate under this amendment.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 23 January 1995

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• Introduced in House (PDF)

  Introduced in House · EN · 23 January 1995

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• Introduced in House

  summary · EN · 23 January 1995

  Open at official source

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