A bill to amend the Congressional Budget Act of 1974 to assure a balanced budget by requiring that Federal expenditures be limited to Federal revenues under the congressional budget process.

Summary

Amends the Congressional Budget Act of 1974 to prohibit total budget outlays of the Federal Government from exceeding Federal revenues in any fiscal year, except in time of war or national emergency declared by Congress. States that only those concurrent resolutions on the budget which comply with such prohibition shall be considered in order in either the House of Representatives or the Senate.

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

Timeline

1. 6 January 1981

   Introduced

   Referred to House Committee on Rules.

   Source: IntroReferral

2. 6 January 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 January 1981

   Introduced

   Introduced in House

   Source: IntroReferral

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 · 6 January 1981

  Open at official source

Sponsors

• Rep. Collins, James M. [R-TX-3] · R · Sponsor
• · hsru00 · Standing

Related records

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