A bill to require the Government to balance the Federal budget.
Balanced Budget Act of 1995 - Amends the Congressional Budget Act of 1974 to make it out of order to consider any concurrent resolution on the budget unless the resolution: (1) sets forth a balanced budget (excluding the receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund) by FY 2002 or the earliest possible fiscal year; (2) sets forth appropriate budgetary levels; and (3) includes specific reconciliation instructions. Requires a three-fifths majority vote in the Senate to waive such point of order. Suspends the provisions of this Act in the event of war or congressionally-declared low economic growth.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S3746-3747)
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 to report or be discharged.
Star Print ordered on the bill.
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