Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation.
Constitutional Amendment - Prohibits total outlays for any fiscal year (except those derived from borrowing) from exceeding total receipts (except those for repayment of debt principal) unless the Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over 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. Waives these provisions when the United States is engaged in military conflict which causes an imminent and serious military threat to national security and is so declared by a joint resolution adopted by a majority of the whole number of each House, which becomes law.
Directs the Congress to enforce and implement this article by appropriate legislation which may rely on estimates of outlays and receipts.
Makes this article effective beginning with FY 1998 or with the second fiscal year after its ratification, whichever is later.
Referred to the Subcommittee on Economic and Commercial Law.
Committee on Judiciary. Reported to Senate by Senator Biden with an amendment. With written report No. 102-103. Additional views filed.
Motion to reconsider laid on the table Agreed to without objection.
Rule provides for consideration of H.J. Res. 290 with 9 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Specified amendments are in order.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 450 and Rule XXIII.
The Speaker designated the Honorable Ray Thornton to act as Chairman of the Committee.
GENERAL DEBATE - Pursuant to the order of the House on Thursday, June 4, 1992, the Committee of the Whole proceeded with nine hours of general debate on the joint resolution.
Committee of the Whole House on the state of the Union rises leaving H.J. Res. 290 as unfinished business.
Considered as unfinished business.
The House resolved into Committee of the Whole House on the state of the Union for further consideration.
DEBATE - Pursuant to the provisions of H. Res. 450, the Committee of the Whole proceeded with with one hour of debate on the Kyl amendment in the nature of a substitute.
DEBATE - Pursuant to the provisions of H. Res. 450, the Committee of the Whole proceeded with one hour of debate.
DEBATE - Pursuant to the provisions of H. Res. 450, the Committee of the Whole proceeded with one hour of debate on the Gephardt amendment in the nature of a substitute.
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DEBATE - Pursuant to the provisions of H. Res. 450, the Committee of the Whole proceeded with one hour of debate on the Stenholm amendment in the nature of a substitute.
The House rose from the Committee of the Whole House on the state of the Union to report H.J. Res. 290.
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.
Mr. Green moved to recommit to Judiciary.
The previous question was ordered without objection.
On motion to recommit Failed by voice vote.
Failed of passage/not agreed to in House: On passage Failed by recorded vote (2/3 required): 280 - 153 (Roll No. 187).
Roll Call #187 (House)On passage Failed by recorded vote (2/3 required): 280 - 153 (Roll No. 187).
Roll Call #187 (House)Motion to reconsider laid on the table Agreed to without objection.