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 (Jan 3, 2013)
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.
Requires a three-fifths rollcall vote of each chamber to increase the public debt limit.
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 provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.
What just happenedJan 25, 2013
Referred to the Subcommittee on the Constitution And Civil Justice.
Who’s behind it
- Introduced in HouseJan 3, 2013
- Jan 25, 2013Committee
Referred to the Subcommittee on the Constitution And Civil Justice.
- Jan 3, 2013IntroReferralH11100
Referred to the House Committee on the Judiciary.
- Jan 3, 2013IntroReferralIntro-H
Introduced in House
- Jan 3, 2013IntroReferral1000
Introduced in House