S.J.Res. 13 — A joint resolution proposing an amendment to the Constitution relating to a Federal balanced budget and tax limitation. | PoliFocus

S.J.Res. 1399th Congress

A joint resolution proposing an amendment to the Constitution relating to a Federal balanced budget and tax limitation.

Subjects

Economics and Public Finance

Summary

(Reported to Senate from the Committee on the Judiciary with amendment, S. Rept. 99-162)

Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement for that year in which total outlays are not greater than total receipts. Permits the Congress, by a three-fifths vote of each House, to provide for a specific excess of outlays over receipts in such statement. Prohibits actual outlays from exceeding the outlays set forth in such statement.

Prohibits total receipts in such statement from increasing by a rate greater than the rate of increase in national income in the previous year, unless the Congress has passed a bill directed solely to approving specific additional receipts and such bill has become law.

Permits the Congress to waive the provisions of this Act for any fiscal year in which a declaration of war is in effect.

Full Text

Related Legislation

H.J.Res. 27A joint resolution proposing an amendment to the Constitution relating to Federal budget procedures.
1985-03-06Referred to Subcommittee on Monopolies and Commercial Law.
Related

Legislative Actions

1985-01-03
Introduced in Senate
1985-01-03
Read twice and referred to the Committee on Judiciary.
1985-04-29
Referred to Subcommittee on Constitution.
1985-04-29
Committee on Judiciary requested executive comment from Justice Department.
1985-05-07
Subcommittee on Constitution. Hearings held. Hearings printed: S.Hrg. 99-241.
1985-05-15
Subcommittee on Constitution. Approved for full committee consideration with an amendment favorably.
1985-06-07
Committee on Judiciary. Committee consideration and Mark Up Session held.
1985-06-13
Committee on Judiciary. Committee consideration and Mark Up Session held.
1985-06-20
Committee on Judiciary. Committee consideration and Mark Up Session held.
1985-06-27
Committee on Judiciary. Committee consideration and Mark Up Session held.
1985-07-10
Committee on Judiciary. Committee consideration and Mark Up Session held.
1985-07-11
Committee on Judiciary. Ordered to be reported with an amendment favorably.

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