H.J.Res.103 - 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.103rd Congress (1993-1994)
|Sponsor:||Rep. Stenholm, Charles W. [D-TX-17] (Introduced 02/04/1993)|
|Committees:||House - Judiciary|
|Latest Action:||03/17/1994 Motion to reconsider laid on the table Agreed to without objection.|
|Major Recorded Votes:||03/17/1994 : 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.103 — 103rd Congress (1993-1994)All Bill Information (Except Text)
Failed of passage in House (03/17/1994)
Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts (except those derived from borrowing) for that fiscal year unless the Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over 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 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. Waives these provisions when the United States is engaged in a military conflict which poses a threat to national security as declared by a joint resolution adopted by a majority of each House.
Makes this amendment effective beginning with FY 2001 or the second fiscal year after its ratification, whichever is later.