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- H.J.RES.10
H.J.RES.10: Proposing an amendment to the Constitution of the United States requiring that the Federal budget be balanced and that an increase in the Federal debt requires approval from a majority of the legislatures of the several States.
About This Bill
- This bill was introduced in the 113th Congress
- This bill is primarily about economics and public finance
- Introduced Jan. 3, 2013
- Latest Major Action Jan. 25, 2013
- See the one similar bills introduced in other congresses.
Bill Sponsor
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). Prohibits total outlays from exceeding 18% of the gross domestic product (GDP) for the calendar year ending before the beginning of such fiscal year. Authorizes Congress to provide for suspension of the imposed limitations for any fiscal...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
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.
|
| Jan. 3, 2013 |
Introduced in the House by David Schweikert (R-Ariz.) |