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[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 10 Introduced in House (IH)]

110th CONGRESS
  1st Session
H. J. RES. 10

 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.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 2007

   Mrs. Emerson introduced the following joint resolution; which was 
               referred to the Committee on the Judiciary

_______________________________________________________________________

                            JOINT RESOLUTION

 
 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.

    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled   (two-thirds of each House 
concurring therein), 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 for ratification:

                              ``Article --

    ``Section 1.  Prior to each fiscal year, the Congress and the 
President shall agree on an estimate of total receipts for that fiscal 
year by enactment into law of a joint resolution devoted solely to that 
subject. Total outlays for that year shall not exceed the level of 
estimated receipts set forth in such joint resolution, unless three-
fifths of the total membership of each House of Congress shall provide, 
by a rollcall vote, for a specific excess of outlays over estimated 
receipts.
    ``Section 2.  Whenever actual outlays exceed actual receipts for 
any fiscal year, the Congress shall, in the ensuing fiscal year, 
provide by law for the repayment of such excess. The public debt of the 
United States shall not be increased unless three-fifths of the total 
membership 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 total membership of each House by a 
rollcall vote.
    ``Section 5.  The provisions of this article are waived for any 
fiscal year in which a declaration of war is in effect.
    ``Section 6.  Total receipts shall include all receipts of the 
United States except those derived from borrowing. Total outlays shall 
include all outlays of the United States except for those for repayment 
of debt principal.
    ``Section 7.  This article shall take effect beginning with the 
second fiscal year after its ratification.''.
                                 <all>
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