H.J.Res. 81 (112th): Proposing a balanced budget amendment to the Constitution of the United States.

Introduced:
Oct 14, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Justin Amash [R-MI3]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.J.Res. 24 on Feb 06, 2013. See H.J.Res. 24 for current action on this subject.

The resolution’s title was written by the resolution’s sponsor. H.J.Res. stands for House joint resolution.

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Status

This resolution was introduced on October 14, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Oct 14, 2011
Referred to Committee Oct 14, 2011
Cosponsors
59 cosponsors (45R, 14D) (show)
Committees

House Judiciary

The committee chair determines whether a resolution will move past the committee stage.

Summary

No summaries available.

Text

Read Resolution Text »

Last updated Oct 14, 2011.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

10/14/2011--Introduced.
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.
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.
Requires the declaration to specify reasons for the emergency designation and to limit the period in which outlays may exceed such limit to no longer than one year.
Requires all revenue in excess of outlays:
(1) to reduce the federal debt; and
(2) upon the retirement of such debt, to be held by the Treasury to be used for the specific outlays in excess of such limit.
Prescribes a formula for reducing outlays over ten years.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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