H.J.Res.268 - Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation.101st Congress (1989-1990)
Joint ResolutionHide Overview icon-hide
|Sponsor:||Rep. Stenholm, Charles W. [D-TX-17] (Introduced 05/11/1989)|
|Committees:||House - Judiciary|
|Latest Action:||07/17/1990 Motion to reconsider laid on the table Agreed to without objection. (All Actions)|
|Major Recorded Votes:||07/17/1990 : Failed House|
This bill has the status Failed House
Here are the steps for Status of Legislation:
- Failed House
Subject — Policy Area:
- Economics and Public Finance
- View subjects
Summary: H.J.Res.268 — 101st Congress (1989-1990)All Bill Information (Except Text)
Failed of passage in House (07/17/1990)
Constitutional Amendment - Requires the Congress and the President, prior to each fiscal year, to establish an estimate of total receipts (except those derived from borrowing) for that fiscal year by enactment of a law devoted solely to that subject. Prohibits outlays for that year (except those for repayment of debt principal) from exceeding this amount unless the Congress, by a three-fifths roll call vote of each House, shall provide for a specific excess of outlays over estimated receipts.
Requires a three-fifths roll call vote of each House to increase the public debt.
Directs the President to submit a balanced budget to the Congress.
Requires the approval of a majority of the total membership of each House by roll call vote before any bill to increase revenue may become law.
Waives these provisions when a declaration of war is in effect.
Makes this article effective beginning with FY 1995 or with the second fiscal year after its ratification, whichever is later.