Proposing a balanced budget amendment to the Constitution of the United States.
Referred to the Subcommittee on the Constitution.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Mar 16, 2000
Constitutional Amendment - Prohibits Federal expenditures from exceeding revenues for any fiscal year unless three-fifths of the whole number of each House of Congress provides by law for a specific excess of expenditures over revenues by a rollcall vote.Authorizes Congress to waive such prohibition when: (1) a declaration of war is in effect; or (2) 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 that is adopted by a majority of each House and that becomes law.Declares that: (1) total revenues shall include all Federal receipts except those derived from borrowing; and (2) total expenditures shall include all Federal outlays except those for repayment of debt principal.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jan 2, 2025. Consult Congress.gov for the current record.
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