H.J.Res. 10 · 110th Congress
Balanced Budget resolution
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
Ann EmersonSponsorNo cosponsors.
Constitutional Amendment - Requires Congress and the President, before each fiscal year, to agree on an estimate of total receipts for that fiscal year by enactment into law of a joint resolution devoted solely to that subject.
What it does: CRS summary · Introduced in House · Jan 5, 2007
Constitutional Amendment - Requires Congress and the President, before each fiscal year, to agree on an estimate of total receipts for that fiscal year by enactment into law of a joint resolution devoted solely to that subject. Prohibits outlays for such fiscal year (except those for repayment of debt principal) from exceeding such estimated receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each chamber, authorizes a specific excess of outlays over estimated receipts.
Provides that whenever actual outlays exceed actual receipts for any fiscal year, Congress shall, in the ensuing fiscal year, provide by law for the repayment of such excess. Requires a three-fifths rollcall vote of each chamber to increase the public debt limit.
Directs the President to submit a balanced budget to Congress annually.
Prohibits any bill to increase revenue from becoming law unless approved by a majority of each chamber by rollcall vote.
Authorizes waivers of these provisions when a declaration of war is in effect.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation.
Latest action (Jan 5, 2007): Referred to the House Committee on the Judiciary.
Policy area: Economics and Public Finance · Origin: House · Introduced: Jan 5, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML) · Embed in your story
No recorded floor vote found.