legislation: 115-hjres-98
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| 115-hjres-98 | 115 | hjres | 98 | Proposing a balanced budget amendment to the Constitution of the United States. | Economics and Public Finance | 2017-04-08 | 2017-04-21 | Referred to the Subcommittee on the Constitution and Civil Justice. | House | Rep. Ratcliffe, John [R-TX-4] | TX | R | R000601 | 1 | Constitutional Amendment This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year unless Congress authorizes the excess by a two-thirds roll call vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing. The amendment also: prohibits total outlays for any fiscal year from exceeding 18% of the economic output of the United States unless two-thirds of each chamber of Congress provides a specific increase in outlays above this amount; requires a three-fourths roll call vote of each chamber of Congress to increase the public debt limit; requires a two-thirds roll call vote of each chamber of Congress to increase revenue; requires the President to transmit to Congress a proposed balanced budget each year and prohibits the President from being compensated if the requirement is not met; and requires Congress to consider and approve a balanced budget each year and prohibits Members of Congress from being compensated if the requirement is not met. Congress may waive these requirements when a declaration of war is in effect or if the United States is engaged in a military conflict which causes an imminent and serious military threat to national security. The amendment prohibits a court from entering an order in any action that results in an increase in the collection of revenue. | 2023-01-11T13:36:07Z |