H.J.Res. 69 · 114th Congress
Proposing a balanced budget amendment to the Constitution of the United States.
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
CarneySponsorNo cosponsors.
This joint resolution proposes a constitutional amendment prohibiting total outlays of the operating funds of the United States from exceeding total receipts of those funds for a fiscal year unless Congress authorizes the excess by a three-fifths vote of each chamber.
What it does: CRS summary · Introduced in House · Oct 8, 2015
Constitutional Amendment
This joint resolution proposes a constitutional amendment prohibiting total outlays of the operating funds of the United States from exceeding total receipts of those funds for a fiscal year unless Congress authorizes the excess by a three-fifths vote of each chamber.
The prohibition excludes:
- outlays for repayment of debt principal, capital investments, and Social Security; and
- receipts derived from net borrowing or Social Security.
The President must submit an annual budget in which total outlays for operating funds do not exceed total receipts for those funds for the fiscal year.
Congress may waive the requirements for two years if: (1) a declaration of war is in effect, or (2) the Congressional Budget Office estimates that real economic growth has been or will be less than 1% for two consecutive quarters during the two-year period.
Congress may also waive the requirements for any year in which the United States is engaged in military conflict which causes an imminent and serious military threat to national security.
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 (Nov 3, 2015): Referred to the Subcommittee on the Constitution and Civil Justice.
Policy area: Economics and Public Finance · Origin: House · Introduced: Oct 8, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.