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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
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

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)

Bill Actions

Date Description
Jan. 25, 2013 Referred to the Subcommittee on the Constitution And Civil Justice.
Jan. 3, 2013 Referred to the House Committee on the Judiciary.