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S.J.RES.20: A joint resolution 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 Mark Udall, D-Colo.
Total Cosponsors 6 (All Democrats)
Introduced July 11, 2013
Latest Major Action July 11, 2013
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Bill Text

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) unless Congress, by a three-fifths roll call vote of each chamber, authorizes a specific excess of outlays over receipts.

Excludes receipts (including attributable interest) and outlays of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund, or either of their successor funds, from consideration as receipts or outlays for purposes of this Amendment.

Directs the President to submit a balanced budget to Congress annually.

Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.

Prohibits Congress from passing any bill that provides a net reduction in individual income taxes for those with incomes over $1 million (as ma...

(Source: Congressional Research Service)

Bill Actions

Date Description
July 11, 2013 Read the second time and referred to the Committee on the Judiciary.