Balanced Budget Act

Summary

Balanced Budget Act - Amends the Congressional Budget Act of 1974 to prohibit either House of Congress from considering any concurrent resolution on the budget, any amendment to it, or any conference report on it, if the adoption of such a measure would cause total budget outlays to exceed the recommended level of Federal revenues. Provides for a waiver of such prohibition by a three-fifths vote of the Congress (or by a majority vote) during a national emergency or declaration of war. Requires inclusion in the Presidential and Congressional budgets of budget authority for and revenues from all activities of the Federal Government, except revenues derived from borrowing and outlays for repayment of debt principal.

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

Timeline

1. 23 February 1983

   Introduced

   Introduced in House

   Source: IntroReferral

2. 23 February 1983

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 February 1983

   Introduced

   Referred to House Committee on Government Operations.

   Source: IntroReferral

4. 2 March 1983

   Referred

   Referred to Subcommittee on Legislation and National Security.

   Source: Committee

5. 2 March 1983

   Committee

   Executive Comment Requested from OMB, Treasury.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 23 February 1983

  Open at official source

Sponsors

• Rep. Hughes, William J. [D-NJ-2] · D · Sponsor
• Rep. Hyde, Henry J. [R-IL-6] · R · Sponsor
• · hsgo00 · Standing
• · hsru00 · Standing

Related records

No cross-record relationships stored yet.