S.J.RES.7: A joint resolution proposing an amendment to the Constitution of the United States relative to balancing the budget.

About This Bill

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 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...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 3 statements associated with S.J.RES.7.

Bill Actions

Date Description
Feb. 13, 2013
Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S715-716)
Feb. 13, 2013

Introduced in the Senate by John Cornyn (R-Texas)

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