Summary

H.J.Res. 52: Proposing an amendment to the Constitution of the United States requiring that the Federal budget be balanced. Read More

Status

This resolution was introduced on Mar 30, 2011, in a previous session of Congress, but was not passed.

Bill Text

JOINT RESOLUTION

Proposing an amendment to the Constitution of the United States requiring that the Federal budget be balanced.

Resolved by the Senate and House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein), That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States:

``Article--

``Section 1. Total outlays for any fiscal year shall not exceed total receipts for that fiscal year. ``Section 2. Total outlays shall not exceed 18 percent of the gross domestic product of the United States for the calendar year ending prior to the beginning of such fiscal year. ``Section 3. The Congress may provide for suspension of the limitations imposed by section 1 or 2 of this article for any fiscal year for which two-thirds of the whole number of each House shall provide, by a roll call vote, for a specific excess of outlays over receipts or over 18 percent of the gross domestic product of the United States for the calendar year ending prior to the beginning of such fiscal year. ``Section 4. Any bill to levy a new tax or increase the rate of any tax shall not become law unless approved by two-thirds of the whole number of each House of Congress by a roll call vote. ``Section 5. The limit...

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Bill Summary

H.J.Res. 52: Proposing an amendment to the Constitution of the United States requiring that the Federal budget be balanced.

H.J.Res. 51 Proposing an amendment to the Constitution of the United States to co... H.J.Res. 53 Proposing an amendment to the Constitution of the United States to li...