H.J.Res. 1
Proposing a balanced budget amendment to the Constitution of the United States.
Referred to the Subcommittee on the Constitution And Civil Justice.
Sponsor
Rep. Goodlatte, Bob [R-VA-6]
Bill Details
- Update Date
- Apr 19, 2021
- Origin Chamber
- House
- Bill Type
- HJRES
- Joint Resolution Number
- 1
- Congress
- 113
- Introduced Date
- Jan 3, 2013
- Policy Area
- Economics and Public Finance
- Is Law
- No
Referred to the Subcommittee on the Constitution And Civil Justice.
Source: House committee actions
Referred to the House Committee on the Judiciary.
Source: House floor actions
Sponsor introductory remarks on measure. (CR E4-5)
Source: Library of Congress
Introduced in House
Source: Library of Congress
Introduced in House
Source: Library of Congress
Constitutional Amendment - Prohibits total outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each chamber, authorizes a specific excess of outlays over receipts.
Limits total outlays for any fiscal year to one-fifth of the U.S. economic output, unless two-thirds of each house of Congress provides for a specific increase above this amount.
Requires a three-fifths rollcall vote of each chamber to increase the limit on U.S. debt held by the public.
Directs the President to submit a balanced budget to Congress annually.
Prohibits any bill to increase revenue from becoming law unless approved by three-fifths of each chamber by rollcall vote.
Authorizes waivers of these requirements and prohibitions when a declaration of war is in effect or under other specified circumstances involving military conflict. Requires any such waiver to identify and be limited to the specific excess or increase for that fiscal year made necessary by the identified military conflict.
Judiciary Committee
Introduced in House
Jan 3, 2013