Proposing a balanced budget amendment to the Constitution of the United States.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 10, 2016)
Constitutional Amendment
This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts or 18.5% of the economic output of the United States for the fiscal year. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing.
The amendment requires a three-fourths roll call vote of each chamber of Congress to increase the public debt limit or revenue.
It also requires the President to submit a balanced budget to Congress annually and specifies that the failure to do so will be considered an impeachable offense.
Congress may waive these requirements when: (1) a declaration of war is in effect, or (2) the United States is engaged in a military conflict which causes an imminent and serious military threat to national security that has been declared by a joint resolution. Waivers must identify and be limited to the excess that is necessary for a year due to the identified military conflict.
What just happenedMay 17, 2016
Referred to the Subcommittee on the Constitution and Civil Justice.
Who’s behind it
- Introduced in HouseMay 10, 2016
- May 17, 2016Committee
Referred to the Subcommittee on the Constitution and Civil Justice.
Constitution and Limited Government Subcommittee - May 10, 2016IntroReferralH11100
Referred to the House Committee on the Judiciary.
Judiciary Committee - May 10, 2016IntroReferralIntro-H
Introduced in House
- May 10, 2016IntroReferral1000
Introduced in House