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

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 the 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 Insurance and the Federal 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 the Congress. Prohibits any bill to increase revenue from becoming law unless approved by a majority of each House by a roll call vote. Authorizes the Congress to waive these provisions when: (1) a declaration of war is in effect; or (2) the United States is engaged in military conflict which causes an imminent and serious military threat to national security as declared by a joint resolution which becomes law. Allows any enforcement or implementation legislation of the Congress to rely on estimates of outlays and receipts. Makes this article effective beginning with FY 2002 or with the second fiscal year beginning after its ratification, whichever is later.

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

Timeline

1. 19 January 1999

   Introduced

   Read twice and referred to the Committee on Judiciary.

   Source: IntroReferral

2. 19 January 1999

   Introduced

   Sponsor introductory remarks on measure. (CR S711-712)

   Source: IntroReferral

3. 19 January 1999

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 23 March 1999

   Referred

   Referred to Subcommittee on Constitution, Federalism, Property.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 19 January 1999 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 19 January 1999

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 19 January 1999

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 19 January 1999

  Open at official source

Sponsors

• Sen. Gramm, Phil [R-TX] · R · Sponsor
• Sen. Gorton, Slade [R-WA] · R · Sponsor
• · ssju00 · Standing

Related records

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