H.J.Res. 21 (104th): Proposing an amendment to the Constitution of the United States to provide for budgetary reform by requiring the reduction of the deficit, a balanced Federal budget, and the repayment of the national debt.

Introduced:
Jan 04, 1995 (104th Congress, 1995–1996)
Status:
Died (Referred to Committee)
Sponsor
Wayne Allard
Representative for Colorado's 4th congressional district
Party
Republican
Text
Read Text »
Last Updated
Jan 04, 1995
Length
3 pages
Related Bills
H.J.Res. 1 (Related)
Balanced Budget Amendment

Passed House, Failed Senate
Jun 06, 1996

 
Status

This resolution was introduced on January 4, 1995, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 04, 1995
Referred to Committee Jan 04, 1995
 
Summary

No summaries available.

Cosponsors
none
Committees

House Judiciary

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

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Notes

H.J.Res. stands for House joint resolution.

A joint resolution is often used in the same manner as a bill. If passed by both the House and Senate in identical form and signed by the president, it becomes a law. Joint resolutions are also used to propose amendments to the Constitution.

The resolution’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


1/4/1995--Introduced.
Constitutional Amendment - Directs the President, beginning with FY 1997 or the first fiscal year after ratification, whichever is later, to submit a budget of revenues and outlays to Congress. Requires the Congress to adopt a budget that reduces the deficit existing the year prior to ratification by not less than 16.7 percent per year in order to balance the budget within six fiscal years.
Requires a balanced budget by the seventh year after ratification.
Requires, beginning with the seventh year, that revenues exceed outlays in order to provide for the reduction of the outstanding gross Federal debt.
Requires the reduction to amortize the debt over the next 24 years in order to repay the entire debt by the end of the 30th year after ratification.
Allows the waiver of aforementioned requirements when a declaration of war is in effect.
Prohibits a bill that increases revenues from becoming law unless approved by a majority roll call vote in both Houses. Directs the Congress to review revenues on a quarterly basis and make adjustments to comply with this Act.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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