A joint resolution 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 - Requires the Congress and the President, prior to each fiscal year, to agree, by enactment of a joint resolution, on an estimate of total receipts for that fiscal year. Prohibits outlays for that year from exceeding such estimated receipts unless the Congress, by a three-fifths rollcall vote of each House, provides for a specific excess of outlays over receipts. Requires the Congress, whenever actual outlays exceed actual receipts for any fiscal year, to provide by law for the repayment of such excess in the ensuing fiscal year. Requires a three-fifths rollcall vote of each House to increase the public debt. Directs the President to submit to the Congress a proposed budget for each fiscal year in which total outlays do not exceed total receipts. Requires the approval by a majority of the total membership of each House by rollcall vote before any bill to increase revenue may become law. Waives this article for any fiscal year in which a declaration of war is in effect. Declares that total receipts shall include all receipts of the United States, except those derived from borrowing and total outlays shall include all outlays of the United States except those for repayment of debt principal.

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

Timeline

1. 17 June 1987

   Introduced

   Read twice and referred to the Committee on Judiciary.

   Source: IntroReferral

2. 17 June 1987

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 30 June 1987

   Referred

   Referred to Subcommittee on Constitution.

   Source: Committee

4. 23 March 1988

   Committee

   Subcommittee on Constitution. Hearings held.

   Source: Committee

5. 25 May 1988

   Committee

   Subcommittee on Constitution. Approved for full committee consideration S.J. Res. 11 in lieu of this measure.

   Source: Committee

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 · 17 June 1987

  Open at official source

Sponsors

• Sen. DeConcini, Dennis [D-AZ] · D · Sponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
• Sen. Proxmire, William [D-WI] · D · Sponsor
• Sen. Grassley, Chuck [R-IA] · R · Cosponsor
• Sen. Armstrong, William L. [R-CO] · R · Cosponsor
• Sen. Daschle, Thomas A. [D-SD] · D · Cosponsor
• Sen. Warner, John [R-VA] · R · Cosponsor
• Sen. Simpson, Alan K. [R-WY] · R · Cosponsor
• Sen. Nickles, Don [R-OK] · R · Cosponsor
• Sen. Danforth, John C. [R-MO] · R · Cosponsor
• Sen. Stevens, Ted [R-AK] · R · Cosponsor
• Sen. Bentsen, Lloyd M. [D-TX] · D · Cosponsor
• · ssju00 · Standing

Related records

• related to → A joint resolution proposing an amendment to the Constitution relating to Federal balanced budget.
• related to → A joint resolution 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.