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- H.J.RES.5
H.J.RES.5: Proposing an amendment to the Constitution of the United States relative to balancing the budget.
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 eight similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Constitutional Amendment - Prohibits 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 two-thirds roll call vote of each chamber, authorizes a specific excess of outlays over receipts. Prohibits total outlays for any fiscal year from exceeding 18% of the gross domestic product (GDP) for the preceding calendar...
(Source: Library of Congress)
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 Vern Buchanan (R-Fla.) |