Proposing an amendment to the Constitution of the United States to provide for balanced budgets for the Government.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 19, 2017)
Constitutional Amendment
This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year, unless three-fifths of each chamber of Congress authorizes the excess with a rollcall vote. The authorization must include an adequate increase in the debt limit for the specific excess of outlays. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing.
The President must submit a balanced budget to Congress annually.
Total outlays for the Social Security trust funds over 75 years must not exceed total receipts for 75 years, unless three-fifths of each chamber of Congress authorizes the specific excess by a rollcall vote.
Congress may waive the requirements by a rollcall vote for any year in which a declaration of war is in effect. The waiver must: (1) identify and be limited to the outlays necessary for the war, and (2) include an adequate increase in the debt limit for the specific excess of outlays.
What just happenedJul 19, 2017
Referred to the Subcommittee on the Constitution and Civil Justice.
Who’s behind it
- Introduced in HouseJul 19, 2017
- Jul 19, 2017Committee
Referred to the Subcommittee on the Constitution and Civil Justice.
Constitution and Limited Government Subcommittee - Jul 19, 2017IntroReferralH11100
Referred to the House Committee on the Judiciary.
Judiciary Committee - Jul 19, 2017IntroReferralB00100
Sponsor introductory remarks on measure. (CR H5982-5983)
- Jul 19, 2017IntroReferralIntro-H
Introduced in House
- Jul 19, 2017IntroReferral1000
Introduced in House