HJRES 58 109th Congress House

Proposing a balanced budget amendment the Constitution of the United States.

Introduced: July 13, 2005 See on congress.gov

Economics and Public Finance Balanced budgetsBudget deficitsCongressCongressional voting

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Constitutional amendmentsDebt limitFederal budgetsGovernment Operations and PoliticsIncome taxLawLegislationRecord votesTax ratesTaxation

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Aug 23, 2005

Referred to the Subcommittee on the Constitution.

Jul 13, 2005

Referred to the House Committee on the Judiciary.

Jul 13, 2005

Introduced in House

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Latest action August 23, 2005

Referred to the Subcommittee on the Constitution.

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 for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each House, authorizes a specific excess of outlays over receipts.

Requires a three-fifths rollcall vote of each House 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 a majority of each House by rollcall vote.

Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.

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