H.J.Res.21 - Balanced Budget resolution

Proposing a balanced budget amendment to the Constitution of the United States. view all titles (3)

All Bill Titles

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

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Introduced
 
House
Passes
 

 
01/31/07
 
 
 

Official Summary

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 exce

Official Summary

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. Requires Congress, by appropriate legislation, to provide that outlays for natural disasters do not count as outlays under this Amendment.

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