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SJRES 24 110th Congress Senate 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

A joint resolution proposing a balanced budget amendment to the Constitution of the United States.

Introduced: November 13, 2007 Introduced by: Graham, Lindsey Republican · South Carolina See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 13, 2007
Read twice and referred to the Committee on the Judiciary.
Nov 13, 2007
Introduced in Senate
 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 two-thirds rollcall vote of each chamber, authorizes a specific excess of outlays over receipts.

Requires a two-thirds rollcall vote of each chamber to increase the public debt limit.

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

Requires a two-thirds rollcall vote of each chamber for final adoption of any bill to increase the internal revenue.

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

What's happening now November 13, 2007

Read twice and referred to the Committee on the Judiciary.

 Committees of jurisdiction 1