Proposing an amendment to the Constitution of the United States to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation and to allow an item veto of appropriation bills.
See H.J.Res.103.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Jan 5, 1993
Constitutional Amendment - Requires the Congress and the President, prior to each fiscal year, to agree on an estimate of total receipts for that fiscal year by enactment of a law devoted solely to that subject. Prohibits outlays for that year from exceeding this amount unless the Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over receipts. Requires a two-thirds roll call vote of each House to increase the public debt. Directs the President to submit a balanced budget to the Congress. Requires a two-thirds roll call vote of the total membership of each House before any bill to increase revenue may become law. Waives these provisions when a declaration of war is in effect. Grants the President the authority to disapprove any appropriation or provision and approval any other appropriation or provision in the same appropriation bill.
Source last updated: Jan 2, 2025. Consult Congress.gov for the current record.
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