H.J.Res.1 - 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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  • Today: 7
  • Past Seven Days: 33
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Introduced
 
House
Passes
 

 
01/04/11
 
 
 

Official Bill Text Comment on about 8 Pages

Sponsor

Representative

Robert Goodlatte

R-VA

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Official Summary

6/23/2011--Reported to House amended. 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 e
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Official Summary

6/23/2011--Reported to House amended. 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. Limits total outlays for any fiscal year to 18% of the U.S. economic output, unless two-thirds of each House of Congress provides for a specific increase above this amount. 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 two-thirds 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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Organizations Supporting H.J.Res.1

  • None via MapLight at this time.

Organizations Opposing H.J.Res.1

  • National Association for the Advancement of Colored People
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Recent News Coverage

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11/16/11
Have John Boehner and Eric Cantor Lost Their Minds?—Friday House Vote on New BBA Permits Unlimited Federal Spending

said the vote would probably take place this Friday. Cantor said that this version of a BBA, H.J. Res 2 — rather than one that would cap federal spending, H.J. Res 1 – was the version “overwhelmingly” favored by House Republicans.

Source: Hotair.com
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07/23/11
Balanced Budget Amendments Are No Magic Bullet

Some of us are old enough to have grown up watching The Lone Ranger. When Tonto handed The Lone Ranger the silver bullet, you knew he would shoot the gun out of the bad guy’s hand with one shot, and all would end happily. Lately, Congress has been awash

Source: Wall Street Pit
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07/22/11
Balanced Budget Amendments Are No Magic Bullet

...Only injured parties can sue and proving injury from a deficit would be nearly impossible. Supporters argue that members of Congress would have standing and that laws can be enacted to enforce the BBA so it wouldn't have to go to the courts. Second, BBA

Source: Capital Gains and Games
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Recent Blog Coverage

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05/18/12
Balance Budget Amendment Pros and Cons ...

Rep. Mike Coffman (R-CO) and Rep. Jim Marshall (D-GA) launched a bipartisan congressional caucus dedicated to reviewing H.J. Res. 1, the Balanced Budget Amendment. The caucus is dedicated to educating members of Congress on the ...

Source: richardg
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05/18/12
Balance Budget Amendment Pros and Cons ...

Jim Marshall (D-GA) launched a bipartisan congressional caucus dedicated to reviewing H.J. Res. 1, the Balanced Budget Amendment. The caucus is dedicated to educating members of Congress on the importance of the ...

Source: richardg
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05/18/12
Balance Budget Amendment Pros and Cons ...

Jim Marshall (D-GA) launched a bipartisan congressional caucus dedicated to reviewing H.J. Res. 1, the Balanced Budget Amendment. The caucus is dedicated to educating members of Congress on the importance of the ...

Source: richardg
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