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

Bill: 114-hjres-79
Sponsor: full_name: Rep. Hardy, Cresent [R-NV-4]
Introduced: 2015-12-16
Policy area: Economics and Public Finance
Subjects: Budget deficits and national debt

Constitution and constitutional amendments

Legislative rules and procedure
Latest action: action_date: 2016-01-15
text: Referred to the Subcommittee on the Constitution and Civil Justice.

Summaries:
action_date: 2015-12-16
action_desc: Introduced in House
text: <p><b>Constitutional Amendment </b></p> <p>This joint resolution proposes a constitutional amendment prohibiting total outlays from exceeding total receipts for a fiscal year unless Congress authorizes the excess by a three-fifths roll call vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing. </p> <p>The President must submit a balanced budget to Congress annually. If the President does not submit a balanced budget for a fiscal year, no executive orders may be issued until the earlier of the submission of a balanced budget or the first day of the fiscal year. </p> <p>A three-fifths roll call vote of each chamber of Congress is required to increase the public debt limit. </p> <p>Congress may waive the requirements for any period during which the United States is engaged in military conflict that causes an imminent and serious military threat to national security. </p>

tv_txt: IA 114th CONGRESS 1st Session H. J. RES. 79 IN THE HOUSE OF REPRESENTATIVES December 16, 2015 Mr. Hardy 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 any fiscal year shall not exceed total receipts for that fiscal year, unless three-fifths of the whole number of each House of Congress provides by law for a specific excess of outlays over receipts by a roll-call vote. Such total outlays do not include those for repayment of debt principal and such total receipts may not include those derived from borrowing. 2. Before each fiscal year, the President shall transmit to the Congress a proposed budget for such fiscal year for the Government in which total outlays do not exceed total receipts. If the President fails to perform the duty imposed by this section, no Executive orders may be issued until the earlier of the date on which the President corrects such failure or the first day of such fiscal year. 3. 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 of Congress provides by law for such an increase by a roll-call vote. 4. The Congress may waive this article for any period during which the United States is engaged in military conflict that 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 of Congress, which becomes law. 5. The Congress shall enforce and implement this article by appropriate legislation, which may rely on estimates of outlays and receipts. 6. Sections 1, 2, and 3 shall take effect with the beginning of the third fiscal year beginning after its ratification. .