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HJRES 21 110th Congress House Economics and Public Finance Balanced budgets Budget deficits Congress Congressional voting Constitutional amendments Debt limit Disaster relief Emergency Management Federal budgets Government Operations and Politics Income tax Law Legislation Off-budget expenditures Record votes Tax rates Taxation

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

Introduced: January 31, 2007 Introduced by: Buchanan, Vern Republican · Florida See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 1, 2007
Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.
Jan 31, 2007
Referred to the House Committee on the Judiciary.
Jan 31, 2007
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 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 a majority 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.

Requires Congress, by appropriate legislation, to provide that outlays for natural disasters do not count as outlays under this Amendment.

What's happening now March 1, 2007

Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Republican 2