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

Summary

Constitutional Amendment - Prohibits estimated outlays of the operating funds of the United States for any fiscal year from exceeding total estimated receipts to those funds for that fiscal year unless Congress, by a three-fifths roll-call vote of each chamber, approves a specific excess of outlays over receipts. 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 roll-call vote. Authorizes waivers of these provisions for any fiscal year and the first fiscal year thereafter if: (1) a declaration of war is in effect, or (2) the Congressional Budget Office (CBO) estimates that real economic growth has been or will be less than 1% for two consecutive quarters during the period of those two fiscal years. Authorizes waivers for any fiscal year under other specified circumstances involving military conflict. Excludes: (1) from estimated receipts, specified funds derived from net borrowing; (2) from estimated outlays, funds for repayment of debt principal and for capital investments; and (3) from receipts or outlays, receipts (including attributable interest) and outlays of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund.

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

Timeline

1. 15 November 2011

   Introduced

   Introduced in House

   Source: IntroReferral

2. 15 November 2011

   Introduced

   Referred to the House Committee on the Judiciary.

   Source: IntroReferral

3. 15 November 2011

   Introduced

   Introduced in House

   Source: IntroReferral

4. 21 November 2011

   Referred

   Referred to the Subcommittee on the Constitution.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 November 2011 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 November 2011

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 November 2011

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 15 November 2011

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  Vertaal document

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Sponsors

• Rep. Carney, John C., Jr. [D-DE-At Large] · D · Sponsor
• Rep. Polis, Jared [D-CO-2] · D · Sponsor
• Rep. Connolly, Gerald E. [D-VA-11] · D · Sponsor
• Rep. Perlmutter, Ed [D-CO-7] · D · Sponsor
• Rep. Schrader, Kurt [D-OR-5] · D · Sponsor
• Rep. Cicilline, David N. [D-RI-1] · D · Cosponsor
• Rep. Langevin, James R. [D-RI-2] · D · Cosponsor
• Rep. Yarmuth, John A. [D-KY-3] · D · Cosponsor
• · hsju00 · Standing

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