Fiscal Responsibilities Act of 1983

Summary

Fiscal Responsibilities Act of 1983 - Title I: To Discourage Taxflation by Requiring an Affirmative Vote of Congress Before Tax Receipts Increases as a Percentage of Gross National Product - Amends the Congressional Budget Act of 1974 to require a separate vote on the recommended level of Federal revenues for a fiscal year if, immediately before the final vote on adoption of the budget resolution (or its conference report), the percentage of the estimated gross national product represented by the recommended level of Federal revenues exceeds the percentage for the previous fiscal year. Title II: To Require Approval by Three-Fifths of the Members of the House of Representatives and the Senate of any Budget which Provides for a Deficit - Amends the Congressional Budget Act of 1974 to require approval by three-fifths of the Members of the House and the Senate of any budget which provides for a deficit. Title III: To Require the President to Submit a Balanced Budget in which Neither Expenditures nor Revenues Exceed 21 Percent of the Gross National Product - Amends the Budget and Accounting Act, 1921 to require the President to submit an alternate budget if the proposed budget contains a deficit.

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

Timeline

1. 18 April 1983

   Introduced

   Read twice and referred to the Committee on Budget pursuant to the order of August 4, 1977 with instructions that if one Committee report, the other Committee has thirty days of continuous session to report or be discharged.

   Source: IntroReferral

2. 18 April 1983

   Introduced

   Introduced in Senate

   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 Senate

  summary · EN · 18 April 1983

  Open at official source

Sponsors

• Rep. Baucus, Max [D-MT-1] · D · Sponsor
• · ssga00 · Standing
• · ssbu00 · Standing

Related records

No cross-record relationships stored yet.