Requires a three-fifths rollcall vote of each House to increase the public debt limit.
Directs the President to submit a balanced budget to Congress annually.
Prohibits any bill to increase revenue from becoming law unless approved by a majority of each House by rollcall vote.
Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.
Motion to Discharge Committee filed by Mr. Taylor (MS). Petition No: 108-3. (<a href="http://clerk.house.gov/108/lrc/pd/Petitions/Dis3.htm">Discharge petition</a> text with signatures)
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E253-254)
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on the Constitution.
Subcommittee Hearings Held.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 5 - 3.
Committee Consideration and Mark-up Session Held.
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