HJRES 1 105th Congress House Economics and Public Finance Balanced budgets Budget deficits Congress Congressional voting Constitutional amendments Debt limit Federal budgets Government Operations and Politics Income tax Law Legislation Record votes Tax rates Taxation

Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation.

Introduced: January 7, 1997 See on congress.gov

Everywhere this bill has been 4 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 5, 1997

Committee Consideration and Mark-up Session Held.

Feb 3, 1997

Committee Hearings Held.

Jan 7, 1997

Referred to the House Committee on the Judiciary.

Jan 7, 1997

Introduced in House

Plain-English summary Congressional Research Service

Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts (except those derived from borrowing) for that fiscal year unless the Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over receipts.

Requires a three-fifths roll call vote of each House to increase the public debt.

Directs the President to submit a balanced budget to the Congress.

Requires the approval of a majority of each House by roll call vote before any bill to increase revenue may become law.

Authorizes the Congress to waive these provisions when: (1) a declaration of war is in effect; or (2) the United States is engaged in a military conflict which poses a threat to national security as declared by a joint resolution adopted by a majority of each House.

Makes this article effective beginning with FY 2002 or with the second fiscal year beginning after its ratification, whichever is later.

What's happening now February 5, 1997

Committee Consideration and Mark-up Session Held.

Committees of jurisdiction 1