H.J.Res.98 - Proposing a balanced budget amendment to the Constitution of the United States.

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  • Official: Proposing a balanced budget amendment to the Constitution of the United States. as introduced.

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Introduced
 
House
Passes
 

 
09/27/06
 
 
 

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Official Summary

9/28/2006--Introduced.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, aut

Official Summary


9/28/2006--Introduced.
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.


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