A bill 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 the President to transmit to the Congress for FY 1987 and each fiscal year thereafter a balanced budget. Permits the transmittal of alternate budget proposals which, if implemented, would result in a deficit or surplus if the President determines that a balanced budget is inappropriate for any fiscal year. Requires that any such alternate budget proposals for a fiscal year include a comprehensive plan to balance the Federal budget. Requires the Committee on the Budget of each House to report by April 15 of every year a balanced budget for the upcoming fiscal year. Requires the Committee on the Budget of either House also to report a comprehensive plan to balance the Federal budget, if it determines that a balanced budget is inappropriate for any fiscal year.

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Documents

1 official file

• Introduced in House

  summary · EN · 1 October 1985

  Open at official source

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