SJRES 7
102th Congress
Senate
Economics and Public Finance
Balanced budgets
Budget deficits
Constitutional amendments
Deficit financing
Federal budgets
Federal receipts and expenditures
Income tax
Legislation
Record votes
Tax rates
Taxation
A joint resolution proposing an amendment to the Constitution relating to a Federal balanced budget.
Introduced: January 14, 1991
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 24, 1991
Referred to Subcommittee on Constitution.
Jan 14, 1991
Read twice and referred to the Committee on Judiciary.
Jan 14, 1991
Introduced in Senate
Plain-English summary
Constitutional Amendment - Prohibits fiscal year Federal outlays (except those for repayment of debt principal) from exceeding receipts (except those derived from borrowing), unless the Congress authorizes a specific excess by a three-fifths vote of both Houses. Directs the President to submit to the Congress prior to each fiscal year a proposed budget that meets this standard.
Permits any bill for raising taxes to become law only if a majority of the whole number of both Houses of Congress approves it by roll call vote.
Authorizes a waiver of these provisions when a declaration of war is in effect.
What's happening now
Referred to Subcommittee on Constitution.
Committees of jurisdiction
2
Cosponsors
1