Amendment in the nature of a substitute sought to require a balanced Federal budget by fiscal year 2002, but would have exempted Social Security from budget calculations; and would have required a constitutional majority vote (218) to deficit spend.

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Amendment Number
21
Description
Amendment in the nature of a substitute sought to require a balanced Federal budget by fiscal year 2002, but would have exempted Social Security from budget calculations; and would have required a constitutional majority vote (218) to deficit spend.
Purpose
An amendment in the nature of a substitute to require a balanced federal budget by Fiscal Year 2002, but would take Social Security off-budget. The amendment would require a constitutional majority (218) to raise the debt limit and contains no requirement for a supermajority to increase taxes, or to waive the balanced budget requirement in case of war or military threat. (The text of the amendment was printed in the Congressional Record on January 20, 1995 as amendment No. 29.).
Congress
104
Type
HAMDT
Latest Action Date
Jan 26, 1995
Latest Action Text
On agreeing to the Bonior amendment (A005) Failed by recorded vote: 135 - 296 (Roll no. 48).
Latest Action Time
18:03:49
Submitted Date
Jan 26, 1995
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 21 — Informed