U.S. Congress - H.J.Res.73 Proposing an amendment to the Constitution of the United States to balance the Federal ...
H.J.Res.73 - Proposing an amendment to the Constitution of the United States to balance the Federal budget.
view all titles (1)All Bill Titles
- Official: Proposing an amendment to the Constitution of the United States to balance the Federal budget. as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Bill's Views
- Today: 2
- Past Seven Days: 7
- All-Time: 2,231
|
|
|
|
Official Summary
1/27/2010--Introduced.Constitutional Amendment - Prohibits outlays for a fiscal year (including those for debt service and other debt functions) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a two-thirds roll call vote of eachOfficial Summary
1/27/2010--Introduced.Constitutional Amendment - Prohibits outlays for a fiscal year (including those for debt service and other debt functions) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a two-thirds roll call vote of each chamber, authorizes a specific excess of outlays over receipts. Prohibits outlays for the total budget from exceeding the previous fiscal years' outlays plus population growth and inflation, unless a two-thirds roll call vote of each chamber, provides for such increase. Directs the President to submit a balanced budget to Congress annually. Prohibits any bill to increase revenue from becoming law unless approved by a two-thirds roll call vote of each chamber. Authorizes waivers of these provisions when a declaration of war is in effect only by a vote of a majority of both chambers. Requires all:(1) outlays above revenues from the previous fiscal year to be accounted for in the outlays and budgets of the following fiscal year; and
(2) surplus revenues at the end of a fiscal year to be allocated to a fund to be returned to the taxpayers, determined by legislation before the end of the subsequent fiscal year.
...Read the Rest
Vote on This Bill
-
Share This Bill
More Share via Email
