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HJRES 490 102th Congress House Economics and Public Finance Balanced budgets Budget deficits Congressional oversight Constitutional amendments Deficit financing Federal budgets Federal receipts and expenditures Public debt Record votes War and emergency powers

Proposing an amendment to the Constitution to provide for a balanced budget of the United States Government.

Introduced: May 21, 1992 See on congress.gov
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 1992
Referred to the House Committee on Judiciary.
May 21, 1992
Introduced in House
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 Plain-English summary Congressional Research Service

Constitutional Amendment - Requires the President, prior to each fiscal year, to transmit to the Congress a proposed budget for that year in which total expenditures (except those for repayment of debt principal) do not exceed total receipts (except those derived from borrowing). Provides that if the President transmits to the Congress a declaration of National Economic Urgency for that fiscal year and if such declaration identifies the amount of excess expenditures required to meet national needs, budgetary resources equivalent to the amount of excess expenditures shall become eligible for appropriation only if Congress approves such declaration by a majority rollcall vote in each House.

Prohibits the Congress from approving a budget for any fiscal year which is estimated to result in a higher amount of total expenditures than those recommended by the President for that fiscal year.

Waives these provisions when a declaration of war is in effect.

What's happening now May 21, 1992

Referred to the House Committee on Judiciary.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Durbin, Richard J.
Illinois · May 21, 1992
Cite this page click to expand
APA
U.S. Congress. (2026). H.J. Res. 490: Proposing an amendment to the Constitution to provide for a balanced budget of the United States Government.. 102nd Congress. Open America. https://openamerica.io/bill/102-HJRES-490/
MLA
"H.J. Res. 490: Proposing an amendment to the Constitution to provide for a balanced budget of the United States Government.." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HJRES-490/.
Bluebook (legal)
H.J. Res. 490, 102nd Cong. (2026), https://openamerica.io/bill/102-HJRES-490/.
Markdown link
[H.J. Res. 490: Proposing an amendment to the Constitution to provide for a balanced budget of the United States Government.](https://openamerica.io/bill/102-HJRES-490/)
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