U.S. Congress - S.J.Res.38 A joint resolution proposing a balanced budget amendment to the Constitution of the Uni...
S.J.Res.38 - A joint resolution proposing a balanced budget amendment to the Constitution of the United States.
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- Official: A joint resolution proposing a balanced budget amendment to the Constitution of the United States. as introduced.
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Official Summary
8/3/2010--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 two-thirds rollcall vote of each chamber, authorOfficial Summary
8/3/2010--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 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 before final adoption of any bill to increase internal revenue. Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict....Read the Rest
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