A joint resolution proposing an amendment to the Constitution relating to a Federal Balanced Budget.

Summary

Constitutional Amendment - Prohibits fiscal year Federal outlays (except those for repayment of debt principal) from exceeding receipts (except those derived from borrowing), unless the Congress authorizes a specific excess by a three-fifths vote of both Houses. Directs the President to submit to the Congress prior to each fiscal year a proposed budget that meets this standard. Permits any bill for raising taxes to become law only if a majority of the whole number of both Houses of Congress approves it by roll call vote. Authorizes a waiver of these provisions when a declaration of war is in effect.

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

Timeline

1. 25 January 1989

   Introduced

   Read twice and referred to the Committee on Judiciary.

   Source: IntroReferral

2. 25 January 1989

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 31 January 1989

   Referred

   Referred to Subcommittee on Constitution.

   Source: Committee

4. 27 July 1989

   Committee

   Subcommittee on Constitution. Hearings held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · — · Download file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 25 January 1989

  Open at official source

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Sponsors

• Sen. DeConcini, Dennis [D-AZ] · D · Sponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
• Sen. Simon, Paul [D-IL] · D · Sponsor
• Sen. Thurmond, Strom [R-SC] · R · Sponsor
• Sen. Grassley, Chuck [R-IA] · R · Sponsor
• Sen. Danforth, John C. [R-MO] · R · Sponsor
• · ssju00 · Standing

Related records

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