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

Bill: 113-hjres-24
Sponsor: full_name: Rep. Amash, Justin [R-MI-3]
Introduced: 2013-02-06
Policy area: Economics and Public Finance
Subjects: Budget deficits and national debt

Constitution and constitutional amendments

Legislative rules and procedure
Latest action: action_date: 2013-02-28
text: Referred to the Subcommittee on the Constitution And Civil Justice.

Summaries:
action_date: 2013-02-06
action_desc: Introduced in House
text: <p>Constitutional Amendment - Prohibits total outlays (except those for payment of debt) for a year from exceeding the average annual revenue (except that derived from borrowing) collected in the three prior years, adjusted in proportion to changes in population and inflation.</p> <p>Requires a two-thirds roll call vote of each chamber to declare an emergency and provide by law for specific outlays in excess of such limit.</p> <p>Requires the declaration to specify reasons for the emergency designation, and allows it to authorize outlays in excess of the limit for up to one year.</p> <p>Prescribes a formula for reducing, over each of 10 years, the excess (deficit) of outlays over the average annual revenue collected in the three prior years, adjusted for population and inflation changes.</p>

tv_txt: IA 113th CONGRESS 1st Session H. J. RES. 24 IN THE HOUSE OF REPRESENTATIVES February 6, 2013 Mr. Amash (for himself, Mr. Bentivolio , Mr. Bucshon , Mr. Chabot , Mr. Culberson , Mr. Duncan of South Carolina , Mr. Gardner , Mr. Gosar , Mr. Gowdy , Mr. Harris , Mr. Huelskamp , Mr. Hultgren , Mr. Labrador , Mr. LaMalfa , Mr. Lamborn , Mr. Lipinski , Mr. Loebsack , Mrs. Lummis , Mr. Massie , Mr. Michaud , Mr. Mulvaney , Mr. Palazzo , Mr. Pearce , Mr. Quigley , Mr. Ribble , Mr. Rokita , Mr. Austin Scott of Georgia , Mr. Stutzman , and Mr. Walberg ) introduced the following joint resolution; which was referred to the Committee on the Judiciary JOINT RESOLUTION Proposing a balanced budget amendment to the Constitution of the United States.

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:  — 1. Total outlays for a year shall not exceed the average annual revenue collected in the three prior years, adjusted in proportion to changes in population and inflation. Total outlays shall include all outlays of the United States except those for payment of debt, and revenue shall include all revenue of the United States except that derived from borrowing. 2. Congress may by a roll call vote of two-thirds of each House declare an emergency and provide by law for specific outlays in excess of the limit in section 1. The declaration shall specify reasons for the emergency designation and may authorize outlays in excess of the limit in section 1 for up to one year. 3. Congress shall have power to enforce this article by appropriate legislation. 4. This article shall take effect in the first year beginning at least 90 days following ratification, except that outlays may exceed the limit in section 1 by the following portion of the prior year’s outlays exceeding that limit (excepting emergency outlays provided for by section 2): nine-tenths in the first year, eight-ninths in the second, seven-eighths in the third, six-sevenths in the fourth, five-sixths in the fifth, four-fifths in the sixth, three-fourths in the seventh, two-thirds in the eighth, and one-half in the ninth. .