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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|
|You can||read the bill|
|Sponsor||David Schweikert, R-Ariz.|
|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).
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 year for which two-thirds of each chamber shall provide, by a roll call vote, for a specific excess of outlays over receipts or over 18% of such GDP for such calendar year.
Prohibits any bill to levy a new tax or increase the rate of any tax from becoming law unless approved by a two-thirds roll call vote of each chamber.
Requires a two-thirds roll call vote of each chamber to increase the public debt limit.
Grants Members of Congress standing and a cause of action to seek judicial enforcement of this article ...
(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.|