Summary: S.519 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for S.519. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (03/09/1995)

Balanced Budget Act of 1995 - Amends the Congressional Budget Act of 1974 to make it out of order to consider any concurrent resolution on the budget unless the resolution: (1) sets forth a balanced budget (excluding the receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund) by FY 2002 or the earliest possible fiscal year; (2) sets forth appropriate budgetary levels; and (3) includes specific reconciliation instructions. Requires a three-fifths majority vote in the Senate to waive such point of order. Suspends the provisions of this Act in the event of war or congressionally-declared low economic growth.