S.J.Res.18 - A joint resolution proposing an amendment to the constitution relating to a federal balanced budget.102nd Congress (1991-1992)
|Sponsor:||Sen. Simon, Paul [D-IL] (Introduced 01/14/1991)|
|Committees:||Senate - Judiciary|
|Committee Reports:||S.Rept 102-103|
|Latest Action:||Senate - 07/09/1991 Placed on Senate Legislative Calendar under General Orders. Calendar No. 151. (All Actions)|
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Summary: S.J.Res.18 — 102nd Congress (1991-1992)All Information (Except Text)
Reported to Senate with amendment(s) (07/09/1991)
Constitutional Amendment - Prohibits fiscal year Federal outlays (except those for repayment of debt principal) from exceeding receipts (except those derived from borrowing), unless three-fifths of both Houses of Congress (by roll call vote) provide for a specific excess. Directs the President, prior to each fiscal year, to transmit to the Congress a proposed budget in which outlays do not exceed receipts.
Declares that any bill to increase revenue shall become law only if approved by a majority of each House by a roll call vote, unless such bill is approved by unanimous consent.
Authorizes a waiver of these provisions when: (1) a declaration of war is in effect; or (2) the United States is engaged in military conflict which causes an imminent and serious military threat to national security and is so declared by a joint resolution, adopted by a majority of each House of the Congress, which becomes law.