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 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 devoted solely to that subject. Prohibits outlays for such fiscal year (except those for repayment of debt principal) from exceeding such estimated receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each chamber, authorizes a specific excess of outlays over estimated receipts. Provides that whenever actual outlays exceed actual receipts for any fiscal year, Congress shall, in the ensuing fiscal year, provide by law for the repayment of such excess. Requires a three-fifths rollcall vote of each chamber 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 chamber 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. 7 January 2009

   Introduced

   Referred to the House Committee on the Judiciary.

   Source: IntroReferral

2. 7 January 2009

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 January 2009

   Introduced

   Introduced in House

   Source: IntroReferral

4. 9 February 2009

   Referred

   Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 7 January 2009 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 January 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 January 2009

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 7 January 2009

  Open at official source

Sponsors

• Rep. Emerson, Jo Ann [R-MO-8] · R · Sponsor
• · hsju00 · Standing

Related records

No cross-record relationships stored yet.