A bill to amend the Congressional Budget Act of 1974 and the Budget and Accounting Act, 1921, to provide that Federal expenditures shall not exceed Federal revenues, except in time of war or economic necessity declared by the Congress.

Summary

Amends the Congressional Budget Act of 1974 to require that Federal expenditures not exceed revenues during any fiscal year, except in time of war declared by the Congress or in a period of declared economic necessity. States that it shall not be in order in either the House of Representatives or the Senate to consider or adopt a concurrent resolution on the budget which is not in keeping with such requirement. Amends the Budget and Accounting Act, 1921 to require the President to transmit a budget to the Congress which complies with such requirements. Directs the President to take action (by placing funds in reserve, by apportionment of funds, or otherwise) necessary to insure such compliance, notwithstanding obligational authority or appropriations made within the executive branch.

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

Timeline

1. 6 January 1987

   Introduced

   Referred to House Committee on Government Operations.

   Source: IntroReferral

2. 6 January 1987

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 January 1987

   Introduced

   Introduced in House

   Source: IntroReferral

4. 20 January 1987

   Referred

   Referred to Subcommittee on Legislation and National Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 6 January 1987

  Open at official source

Sponsors

• Rep. Wylie, Chalmers P. [R-OH-15] · R · Sponsor
• · hsgo00 · Standing
• · hsru00 · Standing

Related records

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