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S.J.Res. 5

A joint resolution proposing an amendment to the Constitution relating to a Federal balanced budget and tax limitation.

Constitutional Amendment - Prohibits fiscal year Federal outlays (except those for repayment of debt principal) from exceeding receipts (except those derived from borrowing), unless the Congress authorizes a specific excess by a three-fifths vote of both Houses. Directs the President to submit to the Congress prior to each fiscal year a proposed budget that meets this standard.

Authorizes the Congress, upon the request of the President, to waive these provisions when a declaration of war is in effect.

Committee on Judiciary. Failed to approve for reporting.

Sen. Specter, Arlen [R-PA](R-PA)Sponsor
1committees5actions8subjects
  1. Committee

    Committee on Judiciary. Failed to approve for reporting.

    Judiciary Committee
  2. Committee

    Subcommittee on Constitution. Approved for full committee consideration without amendment favorably.

    Constitution, Civil Rights and Property Rights Subcommittee
  3. Committee

    Referred to Subcommittee on Constitution.

    Constitution, Civil Rights and Property Rights Subcommittee
  4. IntroReferral

    Read twice and referred to the Committee on Judiciary.

    Judiciary Committee
  5. IntroReferral10000

    Introduced in Senate