Constitutional Amendment - Requires the Congress and the President, prior to each fiscal year, to establish an estimate of total receipts (except those derived from borrowing) for that fiscal year by enactment of a law devoted solely to that subject. Prohibits outlays for that year (except those for repayment of debt principal) from exceeding this amount unless the Congress, by a three-fifths roll call vote of each House, shall provide for a specific excess of outlays over estimated receipts.
Requires a three-fifths roll call vote of each House to increase the public debt.
Directs the President to submit a balanced budget to the Congress.
Requires the approval of a majority of the total membership of each House by roll call vote before any bill to increase revenue may become law.
Waives these provisions when a declaration of war is in effect.
Makes this article effective beginning with FY 1995 or with the second fiscal year after its ratification, whichever is later.
Introduced in House
Introduced in House
Referred to the House Committee on Judiciary.
Referred to the Subcommittee on Economic and Commercial Law.
Rules Committee Resolution H. Res. 434 Reported to House. Rule provides for consideration of H.J. Res. 268 with 3 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be read by section. Specified amendments are in order. No amendment to the joint resolution shall be in order in the House or in the Committee of the Whole except the amendments printed in the report of the Committee on Rules accompanying this resolution. Said amendments may be offered only by the Member specified in the report, or his designee, and shall be debatable for the period specified in the report. Said amendments shall not be subject to amendment.
Rule H. Res. 434 passed House.
Considered under the provisions of rule H. Res. 434.
Rule provides for consideration of H.J. Res. 268 with 3 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be read by section. Specified amendments are in order. No amendment to the joint resolution shall be in order in the House or in the Committee of the Whole except the amendments printed in the report of the Committee on Rules accompanying this resolution. Said amendments may be offered only by the Member specified in the report, or his designee, and shall be debatable for the period specified in the report. Said amendments shall not be subject to amendment.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 434 and Rule XXIII.
The Speaker designated the Honorable W. G. (Bill) Hefner to act as Chairman of the Committee.
GENERAL DEBATE - Pursuant to the provisions of H. Res. 434, the Committee of the Whole proceeded with 3 hours of general debate on the joint resolution.
DEBATE - Pursuant to the provisions of H. Res. 434, the Committee of the Whole proceeded with one hour of debate on the Barton amendment.
DEBATE - Pursuant to the provisions of H.Res. 434, the Committee of the Whole proceeded with one hour of debate on the Stenholm amendment.
The House rose from the Committee of the Whole House on the state of the Union to report H.J. Res. 268.
The previous question was ordered pursuant to the rule.
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
Failed of passage/not agreed to in House: On passage Failed by recorded vote (2/3 required): 279 - 150 (Roll no. 238).
Roll Call #238 (House)On passage Failed by recorded vote (2/3 required): 279 - 150 (Roll no. 238).
Roll Call #238 (House)Motion to reconsider laid on the table Agreed to without objection.
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