To require that the President transmit to the Congress, and that the congressional Budget Committees report, a balanced budget for each fiscal year.

Summary

Requires that the President's budget proposal to the Congress and the budgets reported by the congressional budget committees reflect a balanced budget for each fiscal year, beginning with FY 1990. Authorizes both the President and the committees to submit alternative budgets that provide for a surplus or deficit upon determining that a balanced budget would be inappropriate for a particular fiscal year. Requires an alternative budget to include a comprehensive plan for balancing the budget.

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Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 January 1989

  Open at official source

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