A joint resolution proposing a Balanced Budget Amendment to the Constitution of the United States.

Summary

Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement in which total Federal outlays (except those for repayment of debt principal) do not exceed total receipts (except those derived from borrowing), unless a three-fifths vote of both Houses authorizes a specific excess. Limits the rate of increase in receipts in the statement to that of the increase in national income in the previous calendar year, unless law is enacted solely to approve specific additional receipts by a three-fifths majority vote of both Houses. Directs the President to submit a balanced budget. Authorizes waiver of these provisions in time of war. Sets a permanent limit on the amount of Federal public debt, prohibiting any increase unless legislation enacted by a three-fifths majority of both Houses becomes law.

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

Timeline

1. 24 July 1991

   Introduced

   Read twice and referred to the Committee on Judiciary.

   Source: IntroReferral

2. 24 July 1991

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 24 July 1991

  Open at official source

Sponsors

• Rep. Kasten, Robert W., Jr. [R-WI-9] · R · Sponsor
• Rep. Brown, Hank [R-CO-4] · R · Sponsor
• Rep. Lott, Trent [R-MS-5] · R · Sponsor
• Sen. Coats, Daniel [R-IN] · R · Sponsor
• Rep. Symms, Steven D. [R-ID-1] · R · Sponsor
• Sen. Burns, Conrad R. [R-MT] · R · Sponsor
• Rep. Smith, Bob [R-NH-1] · R · Sponsor
• Sen. Helms, Jesse [R-NC] · R · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• Sen. Specter, Arlen [R-PA] · R · Sponsor
• Sen. Mack, Connie, III [R-FL] · R · Sponsor
• Sen. Garn, E. J. (Jake) [R-UT] · R · Cosponsor
• Sen. Murkowski, Frank H. [R-AK] · R · Cosponsor
• Sen. McCain, John [R-AZ] · R · Cosponsor
• Rep. Pressler, Larry [R-SD-1] · R · Cosponsor
• Sen. Roth Jr., William V. [R-DE] · R · Cosponsor
• Sen. Seymour, John [R-CA] · R · Cosponsor
• Sen. Nickles, Don [R-OK] · R · Cosponsor
• Chuck Grassley · R · Cosponsor
• Sen. Dole, Robert J. [R-KS] · R · Cosponsor
• Sen. Gramm, Phil [R-TX] · R · Cosponsor
• Mitch McConnell · R · Cosponsor
• Sen. Wallop, Malcolm [R-WY] · R · Cosponsor
• Sen. Simpson, Alan K. [R-WY] · R · Cosponsor
• Rep. Cochran, Thad [R-MS-4] · R · Cosponsor
• · ssju00 · Standing

Related records

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