Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each chamber, authorizes a specific excess of outlays over receipts.
Limits total outlays for any fiscal year to 18% of the U.S. economic output, unless two-thirds of each House of Congress provides for a specific increase above this amount.
Requires a three-fifths rollcall vote of each chamber 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 two-thirds of each chamber by rollcall vote.
Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.
Committee on the Judiciary Subcommittee on the Constitution, Civil Rights and Human Rights. Hearings held. With printed Hearing: S.Hrg. 112-512.
Referred to the Subcommittee on the Constitution.
Referred to the Subcommittee on the Constitution.
Referred to the Subcommittee on the Constitution.
Referred to the Subcommittee on the Constitution.
Referred to the Subcommittee on the Constitution.
Referred to the Subcommittee on the Constitution.
Referred to the Subcommittee on the Constitution.
Referred to the Subcommittee on the Constitution.
Referred to the Subcommittee on the Constitution.
Committee on the Judiciary Subcommittee on the Constitution, Civil Rights and Human Rights. Hearings held. With printed Hearing: S.Hrg. 112-512.
Failed of passage in Senate by Yea-Nay Vote. 21 - 79. Record Vote Number: 228.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E12)
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on the Constitution.
Subcommittee on the Constitution Discharged.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 20 - 12.
Reported (Amended) by the Committee on Judiciary. H. Rept. 112-117.
Reported (Amended) by the Committee on Judiciary. H. Rept. 112-117.
Placed on the House Calendar, Calendar No. 49.
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