H.J.Res. 74 (104th): Proposing a balanced budget amendment to the Constitution of the United States.

Introduced:
Mar 03, 1995 (104th Congress, 1995–1996)
Status:
Died (Referred to Committee)
Sponsor
Nick Smith
Representative for Michigan's 7th congressional district
Party
Republican
Text
Read Text »
Last Updated
Mar 03, 1995
Length
4 pages
Related Bills
H.J.Res. 1 (Related)
Balanced Budget Amendment

Passed House, Failed Senate
Jun 06, 1996

 
Status

This resolution was introduced on March 3, 1995, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 03, 1995
Referred to Committee Mar 03, 1995
 
Summary

No summaries available.

Cosponsors
11 cosponsors (10R, 1D) (show)
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.


3/3/1995--Introduced.
Constitutional Amendment - Prohibits total outlays in any fiscal year from increasing by a percentage greater than the percentage increase in nominal gross domestic product in the last calendar year ending prior to the beginning of such fiscal year.
Prohibits total outlays in any fiscal year from exceeding the ratio of the outlays in the fiscal year at the time of submission of this proposed amendment to the States to gross domestic product in the last calendar year ending prior to the fiscal year at the time of submission to the States, times gross domestic product in the last calendar year ending prior to the fiscal year for which this limitation is being calculated.
Declares that total receipts includes all receipts of the United States except those derived from borrowing, and total outlays includes all outlays of the United States, both on-budget and off-budget, except those for the repayment of debt principal.
Requires inflation to be measured by the gross domestic product deflator.
Declares that total outlays include the cost to any State or local government of engaging in any activity or service mandated by any law of the United States beyond that required by existing law or the Constitution at the time of the submission of this proposed amendment to the States, unless an appropriation is made and disbursed to pay that State or local government for such cost.
Requires that for any fiscal year in which total receipts exceed total outlays, the surplus shall be used to reduce the public debt until such debt is eliminated.
Requires the President, prior to each fiscal year, to transmit to the Congress a proposed statement of receipts and outlays for such fiscal year consistent with this Act. Authorizes the Congress, following a declaration of an emergency by the President and with a two-thirds vote of both Houses, to authorize a specified amount of emergency outlays in excess of the limit.
Prohibits, for each of the first four fiscal years after ratification of this amendment, total grants to States and local governments from being a smaller fraction of total outlays than the average of the three fiscal years prior to ratification.
Provides for the enforcement of this amendment by a Member of Congress or the President, in an action brought in the United States District Court for the District of Columbia.

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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