A joint resolution proposing an amendment to the Constitution of the United States relative to the balancing of the budget.

Summary

Constitutional Amendment - Requires Congress, before the start of each Federal fiscal year, to estimate Federal revenue and mandatory Federal outlays during such fiscal year, and then to limit the total budget authority for such fiscal year to insure that the total budget outlay does not exceed the estimated revenue for such fiscal year, plus any available surplus from preceding fiscal years. Requires Congress, if actual revenue is less than the total outlay during such fiscal year, to provide for the dissolution of the difference within the next two succeeding fiscal years. Provides for a waiver of such requirements only when Congress determines by a two-thirds vote of both Houses within 21 days of each other that a national emergency exists of an economic or a defense nature.

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

Timeline

1. 6 January 1983

   Introduced

   Referred to House Committee on The Judiciary.

   Source: IntroReferral

2. 6 January 1983

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 January 1983

   Introduced

   Introduced in House

   Source: IntroReferral

4. 4 February 1983

   Referred

   Referred to Subcommittee on Monopolies and Commercial Law.

   Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 6 January 1983

  Open at official source

Sponsors

• Rep. Levitas, Elliott H. [D-GA-4] · D · Sponsor
• · hsju00 · Standing

Related records

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