S.J.RES.7: A joint resolution proposing an amendment to the Constitution of the United States to require a balanced budget.

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Bill Summary

Constitutional Amendment - Requires the Congress, before each fiscal year, to adopt a statement in which total Federal outlays do not exceed total receipts, unless a three-fifths vote of both Houses authorizes a specific excess. Prohibits a bill to increase tax revenue from becoming law unless approved by a three-fifths majority in each House. Authorizes Congress to waive by joint resolution this amendment in time of war or imminent and...

(Source: Library of Congress)

Bill Actions

Date Description
Read twice and referred to the Committee on Judiciary.
Referred to Subcommittee on Constitution, Federalism, Property.
Jan. 21, 1997

Introduced in the Senate by Phil Gramm (R-Texas)

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