Proposing an amendment to the Constitution of the United States to require a balanced budget.
For Further Action See H.J.Res.1.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Jan 4, 1995
Constitutional Amendment - Prohibits in any fiscal year total Federal outlays from exceeding total receipts, unless a three-fifths roll call vote of both Houses of Congress authorizes a specific excess. Prohibits any increases in the public debt unless a three-fifths roll call vote of both Houses enacts legislation permitting otherwise. Directs the President to submit a balanced budget to the Congress. Permits any revenue-increasing bill to become law only if approved by a majority of the whole number of each House by roll call vote. Waives these provisions when a declaration of war is in effect and when 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.
Source last updated: Nov 21, 2018. Consult Congress.gov for the current record.
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