< Back to H.J.Res. 53 (105th Congress, 1997–1998)

Text of Proposing an amendment to the Constitution of the United States relating to a Federal balanced budget.

This resolution was introduced on February 12, 1997, in a previous session of Congress, but was not enacted. The text of the bill below is as of Feb 12, 1997 (Introduced).

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HJ 53 IH

105th CONGRESS

1st Session

H. J. RES. 53

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

IN THE HOUSE OF REPRESENTATIVES

February 12, 1997

Mr. POSHARD introduced the following joint resolution; which was referred to the Committee on the Judiciary


JOINT RESOLUTION

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

    Resolved by the Senate and House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein), 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:

‘Article --

    ‘SECTION 1. Total outlays of the United States may not exceed total receipts of the United States for that year, unless three-fifths of the whole number of each House of Congress shall provide for a specific excess of outlays over receipts.

    ‘SECTION 2. Total receipts shall include all receipts of the United States except those derived from borrowing or retirement trust funds. Total outlays shall include all outlays of the United States except those for retirement trust funds or repayment of debt principal.

    ‘SECTION 3. Prior to each fiscal year, the President shall transmit to the Congress a proposed budget for the United States Government in which total outlays do not exceed total receipts, consistent with the provisions of this Article.

    ‘SECTION 4. The Congress may waive the provisions of this Article for any fiscal year in which a declaration of war is in effect.

    ‘SECTION 5. All votes taken by the House of Representatives or the Senate under this Article shall be rollcall votes.

    ‘SECTION 6. Congress shall enforce and implement this Article by appropriate legislation.

    ‘SECTION 7. This Article shall take effect for the second fiscal year beginning after its ratification, but, if there is a Federal budget deficit for the first fiscal year beginning after its ratification, then, during the next five fiscal years, the annual budget deficit may not exceed the following per centums of that budget deficit for each of those years as follows: eighty per centum during the first year to which this Article applies, sixty per centum during the second year, forty per centum during the third year, twenty per centum during the fourth year, and zero per centum during the fifth such year.’.