Requires the President to transmit to Congress for FY 1986 and each fiscal year thereafter a balanced budget.
Permits the transmittal of alternate budget proposals which, if implemented, would result in a deficit or surplus if the President determines that a balanced budget is inappropriate for any fiscal year.
Requires that any such alternate budget proposals for a fiscal year include a comprehensive plan to balance the Federal budget.
Requires the Committee on the Budget of each House to report by April 15 of every year a balanced budget for the upcoming fiscal year.
Requires the Committee on the Budget of either House also to report a comprehensive plan to balance the Federal budget, if it determines that a balanced budget is inappropriate for any fiscal year.
Introduced in House
Introduced in House
Referred to House Committee on Government Operations.
Referred to House Committee on Rules.
Called up by House Under Suspension of Rules.
Passed/agreed to in House: Passed House by Yea-Nay Vote: 411 - 11 (Record Vote No: 433).
Roll Call #433 (House)Passed House by Yea-Nay Vote: 411 - 11 (Record Vote No: 433).
Roll Call #433 (House)Received in the Senate and read twice and referred to the Committee on Budget pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee has thirty days of continuous session to report or be discharged.
Received in the Senate and read twice and referred to the Committee on Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee has thirty days of continuous session to report or be discharged.
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