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H.J.RES.1: Proposing a balanced budget amendment to the Constitution of the United States.
About this Bill
|This bill was introduced in the||113th Congress|
|This bill is primarily about||economics and public finance|
|You can||read the bill|
|Sponsor||Robert W. Goodlatte, R-Va.|
|Total Cosponsors||91 (All Republicans)|
|Introduced||Jan. 3, 2013|
|Latest Major Action||Jan. 25, 2013|
|See it on||GovTrack|
|See it on||C-SPAN|
- Bill introduced in the House
- Bill passed in the House
- Bill passed in the Senate
- Bill signed into law
Constitutional Amendment - Prohibits total 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.
Limits total outlays for any fiscal year to one-fifth of the U.S. economic output, unless two-thirds of each house of Congress provides for a specific increase above this amount.
Requires a three-fifths rollcall vote of each chamber to increase the limit on U.S. debt held by the public.
Directs the President to submit a balanced budget to Congress annually.
Prohibits any bill to increase revenue from becoming law unless approved by three-fifths of each chamber by rollcall vote.
Authorizes waivers of these requirements and prohibitions when a declaration of war is in effect or under other specified circumstances involving military conflic...
(Source: Congressional Research Service)
|Jan. 25, 2013||Referred to the Subcommittee on the Constitution And Civil Justice.|
|Jan. 3, 2013||Referred to the House Committee on the Judiciary.|