H.J.Res.7 - Proposing a balanced budget amendment to the Constitution of the United States.105th Congress (1997-1998)
|Sponsor:||Rep. Archer, Bill [R-TX-7] (Introduced 01/07/1997)|
|Committees:||House - Judiciary|
|Latest Action:||03/05/1997 Referred to the Subcommittee on the Constitution.|
This bill has the status Introduced
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Subject — Policy Area:
- Economics and Public Finance
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Summary: H.J.Res.7 — 105th Congress (1997-1998)All Bill Information (Except Text)
Introduced in House (01/07/1997)
Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement in which total Federal outlays do not exceed total receipts, unless a two-thirds vote of both Houses authorizes a specific excess.
Sets a permanent limit on the amount of Federal public debt, prohibiting any increase unless legislation enacted by a two-thirds majority of both Houses becomes law.
Waives these provisions when a declaration of war is in effect or when the United States is engaged in a military conflict which poses a threat to national security as declared by a joint resolution adopted by a majority of each House.