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Proposing a balanced budget amendment to the Constitution of the United States.
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. Directs the President to submit a balanced budget to Congress annually. Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict. Requires the appropriate congressional committees to report implementing legislation to achieve a balanced budget without reducing the disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund to achieve that goal.
joint resolution Progress
- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Constitution, Civil Rights, and Civil LibertiesCommittee on the JudiciaryIntroducedMarch 2nd, 2010
- house Committees