Summary: H.J.Res.46 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for H.J.Res.46. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (01/04/1995)

Constitutional Amendment - Requires the Congress and the President, prior to each fiscal year, to agree on an estimate of total receipts for that fiscal year by enactment of a law devoted solely to that subject. Prohibits outlays for that year from exceeding this amount unless the Congress, by a two-thirds roll call vote of each House, authorizes a specific excess of outlays over receipts.

Requires a two-thirds roll call vote of each House to increase the public debt.

Directs the President to submit a balanced budget to the Congress.

Requires a two-thirds roll call vote of the total membership of each House before any bill to increase revenue may become law.

Waives these provisions when a declaration of war is in effect.

Grants the President the authority to disapprove any appropriation or provision and approve any other appropriation or provision in the same appropriation bill.