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

Summary

Constitutional Amendment This joint resolution proposes a constitutional amendment prohibiting total outlays of the operating funds of the United States from exceeding total receipts of those funds for a fiscal year unless Congress authorizes the excess by a three-fifths vote of each chamber. The prohibition excludes: outlays for repayment of debt principal, capital investments, and Social Security; and receipts derived from net borrowing or Social Security. The President must submit an annual budget in which total outlays for operating funds do not exceed total receipts for those funds for the fiscal year. Congress may waive the requirements for two years if: (1) a declaration of war is in effect, or (2) the Congressional Budget Office estimates that real economic growth has been or will be less than 1% for two consecutive quarters during the two-year period. Congress may also waive the requirements for any year in which the United States is engaged in military conflict which causes an imminent and serious military threat to national security.

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Timeline

1. 8 October 2015

   Introduced

   Referred to the House Committee on the Judiciary.

   Source: IntroReferral

2. 8 October 2015

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 October 2015

   Introduced

   Introduced in House

   Source: IntroReferral

4. 3 November 2015

   Referred

   Referred to the Subcommittee on the Constitution and Civil Justice.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 8 October 2015 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 October 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 8 October 2015

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 8 October 2015

  Open at official source

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Carney, John C., Jr. [D-DE-At Large] · D · Sponsor
• · hsju00 · Standing

Related records

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