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H.J.Res. 89 · 112th Congress

Proposing a balanced budget amendment to the Constitution of the United States.

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

No cosponsors.

Constitutional Amendment - Prohibits estimated outlays of the operating funds of the United States for any fiscal year from exceeding total estimated receipts to those funds for that fiscal year unless Congress, by a three-fifths roll-call vote of each chamber, approves a specific excess of outlays over receipts.

What it does: CRS summary · Introduced in House · Nov 17, 2011

Constitutional Amendment - Prohibits estimated outlays of the operating funds of the United States for any fiscal year from exceeding total estimated receipts to those funds for that fiscal year unless Congress, by a three-fifths roll-call vote of each chamber, approves a specific excess of outlays over receipts.

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 roll-call vote.

Authorizes waivers of these provisions for any fiscal year and the first fiscal year thereafter if: (1) a declaration of war is in effect, or (2) the Congressional Budget Office (CBO) estimates that real economic growth has been or will be less than 1% for two consecutive quarters during the period of those two fiscal years. Authorizes waivers for any fiscal year under other specified circumstances involving military conflict or if a presidential declaration of major disaster is in effect.

Excludes: (1) from estimated receipts, specified funds derived from net borrowing; (2) from estimated outlays, funds for repayment of debt principal and for capital investments; and (3) from receipts or outlays, receipts (including attributable interest) and outlays of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Proposing a balanced budget amendment to the Constitution of the United States.

Latest action (Dec 2, 2011): Referred to the Subcommittee on the Constitution.

Policy area: Economics and Public Finance · Origin: House · Introduced: Nov 17, 2011

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.