To amend chapter 11 of title 31, United States Code, to require that the budget submitted by the President be in balance.

Amends Federal law to require the President to submit a budget which recommends a level of estimated expenditures that does not exceed estimated receipts for a fiscal year.

 
HR 4869 IH
101st CONGRESS
2d Session
 H. R. 4869
To amend chapter 11 of title 31, United States Code, to require that the
budget submitted by the President be in balance.
IN THE HOUSE OF REPRESENTATIVES
May 17, 1990
Mr. TAYLOR (for himself, Mr. HARRIS, Mr. MONTGOMERY, Mr. BROWDER, Mr. PARKER,
Mrs. LLOYD, Mr. HALL of Texas, Mr. JONES of Georgia, Mr. WATKINS, Mr. HAYES
of Louisiana, Mr. HUCKABY, Mr. PICKETT, Mrs. BYRON, Mr. LANCASTER, Mr. RAY,
Mr. GEREN, Mr. DYSON, Mr. STENHOLM, Mr. LAUGHLIN, Mr. PAYNE of Virginia,
Mr. TAUZIN, Mrs. UNSOELD, Mrs. PATTERSON, and Mr. BENNETT) introduced the
following bill; which was referred to the Committee on Government Operations
A BILL
To amend chapter 11 of title 31, United States Code, to require that the
budget submitted by the President be in balance.
  Be it enacted by the Senate and House of Representatives of the United
  States of America in Congress assembled,
SECTION 1. SUBMISSION OF BALANCED BUDGET BY THE PRESIDENT.
  Section 1105 of title 31, United States Code, is amended by inserting at
  the end the following new subsection:
  `(g)(1) The budget transmitted pursuant to subsection (a) for a fiscal
  year shall set forth a recommended level of estimated expenditures for
  that fiscal year which does not exceed estimated receipts of the Government
  during that fiscal year.
  `(2) Paragraph (1) shall not apply if a declaration of war by the Congress
  is in effect.'.
SEC. 2. EFFECTIVE DATE.
  This Act and the amendments made by it shall become effective for fiscal
  year 1992 and shall be fully reflected in the fiscal year 1992 budget
  submitted by the President in January 1991 as required by section 1105(a)
  of title 31, United States Code.