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S.J.RES.1: A joint resolution proposing an amendment to the Constitution of the United States requiring that the Federal budget be balanced.

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 Mike Lee, R-Utah
Total Cosponsors 0
Introduced Jan. 22, 2013
Latest Major Action Jan. 22, 2013
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Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • 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).

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)

Bill Actions

Date Description
Jan. 22, 2013 Read twice and referred to the Committee on the Judiciary.