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United States · Bill · SJRES

S.J.Res. 2 (107th)

A joint resolution to provide for a Balanced Budget Constitutional Amendment that prohibits the use of Social Security surpluses to achieve compliance.

referredUnited States· United States Congress· EN

Introduced

22 January 2001

Last action

15 July 2002 · Referred

Status

Committee on the Judiciary referred to Subcommittee on Constitution.

Sponsors

Sen. Gramm, Phil [R-TX], Sen. Craig, Larry E. [R-ID]

Subjects

Defence, Taxation, Budget

Source updated

10 August 2026

Defence · Taxation · Budget

Summary

Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts (except those derived from borrowing) for that fiscal year unless Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over receipts. Bars any surplus of receipts (including interest) over outlays of the Federal Old-Age and Survivors and Disability Insurance Trust Funds from being counted for purposes of this article. Requires any deficit of receipts (including interest) relative to outlays of such trust funds to be counted and to be completely offset by a surplus of all other receipts over all other outlays. 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. Prohibits any bill to increase revenue from becoming law unless approved by a majority of each House. Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.

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

Timeline

  1. 22 January 2001

    Introduced

    Read twice and referred to the Committee on the Judiciary.

    Source: IntroReferral

  2. 22 January 2001

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 14 June 2001

    Floor

    Star Print ordered on the joint resolution.

    Source: Floor

  4. 15 July 2002

    Referred

    Committee on the Judiciary referred to Subcommittee on Constitution.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 22 January 2001

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 22 January 2001

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 22 January 2001

    Open at official source

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Sponsors

Related records

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Sources

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