Constitutional Amendment - Requires a balanced Federal budget, unless a three-fifths roll call vote of both Houses of Congress provides for a specific excess of outlays over receipts.
Prohibits an increase in the public debt limit except by a three-fifths roll call vote by both Houses of Congress.
Requires the President to submit a balanced budget to the Congress.
Prohibits any bill increasing revenue from becoming law unless approved by a majority roll call vote of both Houses.
By Senator Hatch from Committee on Judiciary filed written report. Report No. 104-5. Additional and minority and supplemental views filed.
Read twice and referred to the Committee on Judiciary.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S1236)
Read twice and referred to the Committee on Judiciary.
Sponsor introductory remarks on measure. (CR S1871)
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