A joint resolution to provide for a Balanced Budget Constitutional Amendment.

Summary

Constitutional Amendment - Requires the Congress prior to each fiscal year to adopt a statement in which total Federal outlays do not exceed total receipts, unless a three-fifths vote of both Houses authorizes a specific excess. Prohibits such total receipts from increasing by a rate greater than the rate of increase in national income in the second prior fiscal year, unless a three-fifths majority of each House of Congress has passed a bill directed solely to approving specific additional receipts and such bill has become law. Directs the President prior to each fiscal year to submit to the Congress a proposed statement of balanced receipts and outlays. Makes the public debt amount on the first day of the second fiscal year after ratification of this amendment a permanent limit on such debt, unless a three-fifths majority of both Houses of Congress have passed a bill approving such increase and the bill has become law.

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

Timeline

1. 21 January 1993

   Introduced

   Read twice and referred to the Committee on Judiciary.

   Source: IntroReferral

2. 21 January 1993

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 4 February 1993

   Referred

   Referred to Subcommittee on Constitution.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 21 January 1993 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 21 January 1993

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 21 January 1993

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 21 January 1993

  Open at official source

Sponsors

• Sen. Gramm, Phil [R-TX] · R · Sponsor
• Sen. Dole, Robert J. [R-KS] · R · Sponsor
• Sen. Mack, Connie, III [R-FL] · R · Cosponsor
• · ssju00 · Standing

Related records

No cross-record relationships stored yet.