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[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S.J. Res. 54 Introduced in Senate (IS)]

104th CONGRESS
  2d Session
S. J. RES. 54

         Proposing a balanced budget constitutional amendment.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                              May 2, 1996

 Mr. Wyden (for himself, Mr. Dorgan, Mr. Daschle, Mr. Reid, Mr. Ford, 
and Mr. Hollings) introduced the following joint resolution; which was 
       read twice and referred to the Committee on the Judiciary

_______________________________________________________________________

                            JOINT RESOLUTION

 
         Proposing a balanced budget constitutional amendment.

    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled, 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 within seven years after the date of its submission to 
the States for ratification:

                              ``Article --

    ``Section 1. Total outlays for any fiscal year shall not exceed 
total receipts for that fiscal year, unless three-fifths of the whole 
number of each House of Congress shall provide by law for a specific 
excess of outlays over receipts by a rollcall vote.
    ``Section 2. The limit on the debt of the United States held by the 
public shall not be increased, unless three-fifths of the whole number 
of each House shall provide by law for such an increase by a rollcall 
vote.
    ``Section 3. Prior to each fiscal year, the President shall 
transmit to the Congress a proposed budget for the United States 
Government for that fiscal year in which total outlays do not exceed 
total receipts.
    ``Section 4. No bill to increase revenue shall become law unless 
approved by a majority of the whole number of each House by a rollcall 
vote.
    ``Section 5. The Congress may waive the provisions of this article 
for any fiscal year in which a declaration of war is in effect. The 
provisions of this article may be waived for any fiscal year in which 
the United States is engaged in military conflict which causes an 
imminent and serious military threat to national security and is so 
declared by a joint resolution, adopted by a majority of the whole 
number of each House, which becomes law.
    ``Section 6. The Congress shall enforce and implement this article 
by appropriate legislation, which may rely on estimates of outlays and 
receipts. The judicial power of the United States shall not extend to 
any case or controversy arising under this article except as may be 
specifically authorized by legislation adopted pursuant to this 
section.
    ``Section 7. Total receipts shall include all receipts of the 
United States Government except those derived from borrowing. Total 
outlays shall include all outlays of the United States Government 
except for those for repayment of debt principal. The receipts 
(including attributable interest) and outlays of the Federal Old-Age 
and Survivors Insurance and the Federal Disability Insurance Trust 
Funds (as and if modified to preserve the solvency of the Funds) used 
to provide old age, survivors, and disabilities benefits shall not be 
counted as receipts or outlays for purposes of this article.
    ``Section 8. This article shall take effect beginning with fiscal 
year 2002 or with the second fiscal year beginning after its 
ratification, whichever is later.''.
                                 <all>
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