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United States · Bill · HR

H.R. 2920 (104th)

Balanced Budget Act of 1995

referredUnited States· United States Congress· EN

Introduced

31 January 1996

Last action

31 January 1996 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Smith, Nick [R-MI-7], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. Shays, Christopher [R-CT-4]

Subjects

Budget

Source updated

21 August 2025

Budget

Summary

Balanced Budget Act of 1995 - Prohibits issuing any obligation subject to the limitation (under specified provisions of Federal law relating to the public debt limit) after December 31, 2001, except an obligation issued to refund an obligation issued before January 1, 2002. Provides for the suspension of that prohibition on the enactment of a joint resolution declaring a national emergency. Declares that, notwithstanding any other provision of law, an increase in the public debt limit shall not be effective if it makes the limit greater than: (1) $5.432 trillion between October 1, 1997, and September 30, 1999; or (2) $5.908 trillion after September 30, 1999.

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

Timeline

  1. 31 January 1996

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 31 January 1996

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 31 January 1996

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 31 January 1996

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 31 January 1996

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 31 January 1996

    Open at official source

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Sponsors

Related records

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Sources

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