Requires that the President's budget proposal to the Congress and the budgets reported by the congressional budget committees reflect a balanced budget for each fiscal year, beginning with FY 1990. Authorizes both the President and the committees to submit alternative budgets that provide for a surplus or deficit upon determining that a balanced budget would be inappropriate for a particular fiscal year. Requires an alternative budget to include a comprehensive plan for balancing the budget.
Received in the Senate and read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days of continuous session to report or be discharged.
Introduced in House
Introduced in House
Referred to the House Committee on Government Operations.
Referred to the House Committee on Rules.
Referred to the Subcommittee on Legislation and National Security.
Referred to the Subcommittee on the Legislative Process.
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