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 to their respective chambers 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.
[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 10 Introduced in House (IH)]
112th CONGRESS
1st Session
H. J. RES. 10
Proposing a balanced budget amendment to the Constitution of the United
States.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 6, 2011
Mr. Cuellar introduced the following joint resolution; which was
referred to the Committee on the Judiciary
_______________________________________________________________________
JOINT RESOLUTION
Proposing a balanced budget amendment to the Constitution of the United
States.
Resolved by the Senate and House of Representatives of the United
States of America in Congress assembled (two-thirds of each House
concurring therein), That the following article is proposed as an
amendment to the Constitution of the United States, which shall be
valid to all intents and purposes as part of the Constitution when
ratified by the legislatures of three-fourths of the several States
within seven years after the date of its submission for ratification:
``Article--
``Section 1. Total outlays for any fiscal year shall not exceed
total receipts for that fiscal year, unless three-fifths of the whole
number of each House of Congress shall provide by law for a specific
excess of outlays over receipts by a rollcall vote.
``Section 2. Prior to each fiscal year, the President shall
transmit to the Congress a proposed budget for the United States
Government for that fiscal year in which total outlays do not exceed
total receipts.
``Section 3. The Congress may waive the provisions of this article
for any fiscal year in which a declaration of war is in effect. The
provisions of this article may be waived for any fiscal year in which
the United States is engaged in military conflict which causes an
imminent and serious military threat to national security and is so
declared by a joint resolution, adopted by a majority of the whole
number of each House, which becomes law.
``Section 4. The Congress shall enforce and implement this article
by appropriate legislation, which may rely on estimates of outlays and
receipts. The appropriate committees of the House of Representatives
and the Senate shall report to their respective Houses 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.
``Section 5. Total receipts shall include all receipts of the
United States Government except those derived from borrowing. Total
outlays shall include all outlays of the United States Government
except for those for repayment of debt principal.
``Section 6. This article shall take effect beginning with the
later of the second fiscal year beginning after its ratification or the
first fiscal year beginning after December 31, 2020.''.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on the Constitution.
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