A bill to amend the Congressional Budget Act of 1974 to require a balanced budget within five years, in accordance with a schedule gradually reducing the maximum amount of the deficit which is permitted under the congressional budget process.

referredUnited States· United States Congress· EN

Introduced

4 January 1977

Last action

—

Status

Referred to House Committee on Rules.

Summary

Requires, under the Congressional Budget Act of 1974, that the Federal budget deficit for fiscal years 1978-1980 be a specified decreasing percentage of the deficit for fiscal year 1977. States that beginning with fiscal year 1981 Congress may not consider a Federal budget which includes a deficit.

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 4 January 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/672
Open data entity: https://api.congress.gov/v3/bill/95/hr/672