Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation.

Summary

Constitutional Amendment - Provides for agreement each fiscal year between Congress and the President on an estimate of total receipts. Prohibits outlays for such year from exceeding such amount unless authorized by a specific congressional vote. Provides by law for repayment in the ensuing fiscal year whenever actual outlays exceed actual receipts for any fiscal year. Requires a three-fifths roll call vote of each House to increase the public debt. Directs the President to submit a balanced budget to Congress.

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Timeline

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Votes

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Versions

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 January 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 3 January 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 January 2001

  Open at official source

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