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.
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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.
Referred to Subcommittee on Legislation and National Security.
Cite this page
U.S. Congress. (2026). H.R. 3: 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.. 99th Congress. Open America. https://openamerica.io/bill/99-HR-3/
"H.R. 3: 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.." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-HR-3/.
H.R. 3, 99th Cong. (2026), https://openamerica.io/bill/99-HR-3/.
[H.R. 3: 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.](https://openamerica.io/bill/99-HR-3/)