Summary: H.J.Res.48 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for H.J.Res.48. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/11/1997)

Constitutional Amendment - Prohibits Government outlays from exceeding receipts for any fiscal year, unless a three-fifths roll call vote of each House of Congress provides by law for a specific excess of outlays over receipts.

Prohibits an increase in the limit on the U.S. public debt, unless a three-fifths roll call vote of each House provides by law for such an increase.

Directs the President, before each fiscal year, to propose to the Congress a balanced budget for that fiscal year.

Prohibits any bill to increase revenue from becoming law unless approved by a majority roll call vote of each House.

Authorizes the Congress to waive this Article for any fiscal year in which: (1) a declaration of war is in effect; or (2) the United States is engaged in military conflict which causes an imminent and serious military threat to national security and is so declared by a joint resolution, adopted by a majority of each House, which becomes law.

Includes in total receipts all Government receipts except those derived from borrowing, and includes in total outlays all Government outlays except those for repayment of debt principal.

Prohibits the Federal Government, except as necessary to enforce rights of individuals under the Constitution, from imposing: (1) any obligation upon States without providing the funds necessary for compliance; or (2) conditions on grants to States unless such conditions are necessary to specify the manner in which the funds are to be expended.

Requires this Article to take effect beginning with the later of FY 2002 or the second fiscal year beginning after its ratification.