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Titles (1)

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government.


Actions Overview (1)

Date
01/11/1995Introduced in House

All Actions (3)

Date
01/24/1995For Further Action See H.J.Res.1.
01/11/1995Referred to the House Committee on Judiciary.
Action By: House of Representatives
01/11/1995Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Judiciary01/11/1995 Referred to

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Latest Summary (1)

There is one summary for H.J.Res.53. View summaries

Shown Here:
Introduced in House (01/11/1995)

Constitutional Amendment - Prohibits total outlays of the operating fund of the United States for any fiscal year from exceeding total receipts to those funds for that fiscal year plus any operating fund balances carried over from previous years.

Allows the Congress to waive provisions of this amendment by a declaration of national urgency by the President that is approved by a majority vote of both Houses of the Congress.

Requires the President, by the first Monday in February each year, to transmit to Congress a proposed budget in which the total outlays of the operating funds do not exceed total receipts.

Declares that total receipts exclude those derived from net borrowing. Declares that total outlays exclude those for repayment of debt principal and for capital and developmental investments that provide demonstrable long-term economic returns but includes an annual debt servicing charge. Declares that the receipts (including attributable interest) and outlays of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund together with outlays for benefits earned by veterans of military service shall not be counted as receipts or outlays.