Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government.
See H.J.Res.103.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Mar 11, 1994
Constitutional Amendment - Prohibits Federal outlays of operating funds from exceeding receipts to such funds for any fiscal year. Waives such prohibition: (1) when a declaration of war is in effect; (2) when the United States by law is engaged in military conflict; or (3) if economic growth has been or will be negative for two consecutive quarters. Requires the President to propose a budget in accordance with this Act. Provides that the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund shall not be counted as receipts or outlays.
Source last updated: Jun 2, 2021. Consult Congress.gov for the current record.
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