To require that the President transmit to Congress, that the congressional Budget Committees report, and that the Congress consider a balanced budget for each fiscal year.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jan 9, 1997)
TABLE OF CONTENTS:
Title I: Amendment to Title 31, United States Code
Title II: Amendment to Congressional Budget Act of 1974
Title III: Effective Date
Title I: Amendment to Title 31, United States Code - Amends specified Federal law to require that each President's budget submission to Congress be a balanced budget for the ensuing fiscal year. Directs the President, for any fiscal year with respect to which the President determines that it is infeasible to submit a budget in compliance with such balanced budget requirement, to submit on the same day two budgets, one of them in compliance with such requirement, together with written reasons in support of that determination.
Title II: Amendment to Congressional Budget Act of 1974 - Amends the Congressional Budget Act of 1974 (CBA) to require reporting of balanced budgets by Committees on the Budget of both the House of Representatives and the Senate. Requires either such Committee, for any fiscal year with respect to which such Committee determines that it is infeasible to report a concurrent resolution on the budget in compliance with such balanced budget requirement, and includes written reasons in support of that determination in its accompanying report, to report two concurrent resolutions on the budget, one of them in compliance with such requirement.
Amends CBA to make it in order, in both the Senate and the House of Representatives, to consider: (1) any amendment to a concurrent resolution on the budget for a fiscal year comprising the text of any budget submitted by the President for that fiscal year in compliance with the balanced budget requirement; and (2) whenever applicable, an amendment comprising the text of any alternative budget submitted by the President when the President determines a balanced budget is infeasible for that fiscal year.
Title III: Effective Date - Makes this Act effective for FY 1999. Requires it to be fully reflected in the President's FY 1999 budget.
What just happenedFeb 24, 1997
Referred to the Subcommittee on the Legislative and Budget Process.
Who’s behind it
- Introduced in HouseJan 9, 1997
- Feb 24, 1997CommitteeH11000
Referred to the Subcommittee on the Legislative and Budget Process.
Legislative and Budget Process Subcommittee - Jan 9, 1997IntroReferralH11100
Referred to House Rules
Rules Committee - Jan 9, 1997IntroReferralH11100-A
Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Jan 9, 1997IntroReferralH11100
Referred to House Budget
Budget Committee - Jan 9, 1997IntroReferralIntro-H
Introduced in House
- Jan 9, 1997IntroReferral1000
Introduced in House