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H.J.Res.89 / 112th Congress

Proposing a balanced budget amendment to the Constitution of the United States.

Referred to the Subcommittee on the Constitution.

Official summary

Version 00 · Introduced in House · Nov 17, 2011

Constitutional Amendment - Prohibits estimated outlays of the operating funds of the United States for any fiscal year from exceeding total estimated receipts to those funds for that fiscal year unless Congress, by a three-fifths roll-call vote of each chamber, approves a specific excess of outlays over receipts.

Directs the President to submit a balanced budget to Congress annually.

Prohibits any bill to increase revenue from becoming law unless approved by a majority of each chamber by roll-call vote.

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Authorizes waivers of these provisions for any fiscal year and the first fiscal year thereafter if: (1) a declaration of war is in effect, or (2) the Congressional Budget Office (CBO) estimates that real economic growth has been or will be less than 1% for two consecutive quarters during the period of those two fiscal years. Authorizes waivers for any fiscal year under other specified circumstances involving military conflict or if a presidential declaration of major disaster is in effect.

Excludes: (1) from estimated receipts, specified funds derived from net borrowing; (2) from estimated outlays, funds for repayment of debt principal and for capital investments; and (3) from receipts or outlays, receipts (including attributable interest) and outlays of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund.

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Who introduced it

Rep. Castor, Kathy [D-FL-11] · D–FL

Committees

  • Judiciary Committee
0 cosponsorship records, including any withdrawals

    Actions

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    1. Referred to the Subcommittee on the Constitution.

    2. Referred to the House Committee on the Judiciary.

    3. Introduced in House

    4. Introduced in House

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