S.J.Res.41 - A joint resolution proposing an amendment to the Constitution of the United States to require a balanced budget.103rd Congress (1993-1994)
|Sponsor:||Sen. Simon, Paul [D-IL] (Introduced 02/04/1993)|
|Committees:||Senate - Judiciary|
|Committee Reports:||S.Rept 103-163 Part 1|
|Latest Action:||03/01/1994 Failed of passage in Senate by Yea-Nay Vote. 63-37. Record Vote No: 48.|
|Major Recorded Votes:||03/01/1994 : Failed Senate|
This bill has the status Failed Senate
Here are the steps for Status of Legislation:
- Failed Senate
Subject — Policy Area:
- Economics and Public Finance
- View subjects
Summary: S.J.Res.41 — 103rd Congress (1993-1994)All Bill Information (Except Text)
Introduced in Senate (02/04/1993)
Constitutional Amendment - Prohibits in any fiscal year total Federal outlays from exceeding total receipts, unless a three-fifths roll call vote of both Houses of Congress authorizes a specific excess.
Prohibits any increases in the public debt unless a three-fifths roll call vote of both Houses enacts legislation permitting otherwise.
Directs the President to submit a balanced budget to the Congress.
Permits any revenue-increasing bill to become law only if approved by a majority of the whole number of each House by roll call vote.
Waives these provisions when a declaration of war is in effect.