H.J.Res.45 - Proposing a balanced budget amendment to the Constitution of the United States.104th Congress (1995-1996)
|Sponsor:||Rep. Stump, Bob [R-AZ-3] (Introduced 01/04/1995)|
|Committees:||House - Judiciary|
|Latest Action:||01/24/1995 For Further Action See H.J.Res.1. (All Actions)|
This bill has the status Introduced
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Summary: H.J.Res.45 — 104th Congress (1995-1996)All Information (Except Text)
Introduced in House (01/04/1995)
Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement in which total Federal outlays do not exceed total receipts, unless a three-fifths vote of both Houses authorizes a specific excess.
Prohibits a bill to increase receipts from becoming law unless approved by a three-fifths majority in each House.
Directs the President to submit a balanced budget.
Waives these provisions when a declaration of war is in effect or when the United States faces an imminent and serious military threat to national security.
Sets a permanent limit on the amount of Federal public debt, prohibiting any increase unless legislation enacted by a three-fifths majority of both Houses becomes law.