U.S. Congress - H.J.Res.10 Proposing a balanced budget amendment to the Constitution of the United States.
H.J.Res.10 - 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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Official Summary
1/6/2011--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, authOfficial Summary
1/6/2011--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. Directs the President to submit a balanced budget to Congress annually. Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict. Requires the appropriate congressional committees to report to their respective chambers implementing legislation to achieve a balanced budget without reducing the disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund to achieve that goal....Read the Rest
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