Summary: S.J.Res.1 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for S.J.Res.1. Bill summaries are authored by CRS.

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Introduced in Senate (01/04/1995)

Constitutional Amendment - Requires a balanced Federal budget, unless a three-fifths roll call vote of both Houses of Congress provides for a specific excess of outlays over receipts.

Prohibits an increase in the public debt limit except by a three-fifths roll call vote by both Houses of Congress.

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

Prohibits any bill increasing revenue from becoming law unless approved by a majority roll call vote of both Houses.