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HR 3 99th Congress House Economics and Public Finance Balanced budgets Congressional committees Congressional-Presidential relations Federal budgets

A bill to require that the President transmit to the Congress, and that the congressional Budget Committees report, a balanced budget for each fiscal year.

Introduced: January 3, 1985 See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 14, 1985
Referred to Subcommittee on Legislation and National Security.
Jan 14, 1985
Executive Comment Requested from OMB, Treasury, GAO.
Jan 3, 1985
Referred to House Committee on Rules.
Jan 3, 1985
Referred to House Committee on Government Operations.
Jan 3, 1985
Introduced in House
 Plain-English summary Congressional Research Service

Requires the President to transmit to Congress for FY 1986 and each fiscal year thereafter a balanced budget.

Permits the transmittal of alternate budget proposals which, if implemented, would result in a deficit or surplus if the President determines that a balanced budget is inappropriate for any fiscal year.

Requires that any such alternate budget proposals for a fiscal year include a comprehensive plan to balance the Federal budget.

Requires the Committee on the Budget of each House to report by April 15 of every year a balanced budget for the upcoming fiscal year.

Requires the Committee on the Budget of either House also to report a comprehensive plan to balance the Federal budget, if it determines that a balanced budget is inappropriate for any fiscal year.

What's happening now January 14, 1985

Referred to Subcommittee on Legislation and National Security.

 Committees of jurisdiction 3
 Cosponsors 3
All 3 Democratic 3