H.J.Res.19 - Proposing a balanced budget amendment to the Constitution of the United States.106th Congress (1999-2000)
|Sponsor:||Rep. Stump, Bob [R-AZ-3] (Introduced 01/06/1999)|
|Committees:||House - Judiciary|
|Latest Action:||House - 02/25/1999 Referred to the Subcommittee on the Constitution. (All Actions)|
This bill has the status Introduced
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Summary: H.J.Res.19 — 106th Congress (1999-2000)All Information (Except Text)
Introduced in House (01/06/1999)
Constitutional Amendment - Requires the Congress, before each fiscal year, to adopt a statement in which total Federal outlays (except those for repayment of debt principal) do not exceed total receipts (except those derived from borrowing) , unless a three-fifths vote of both Houses authorizes a specific excess.
Prohibits a bill to increase receipts from becoming law unless approved by a three-fifths majority in each House.
Directs the President to submit a balanced budget.
Authorizes the Congress to waive these provisions when: (1) a declaration of war is in effect; or (2) the United States faces an imminent and serious military threat to national security, as declared by a joint resolution adopted by a majority of each House.
Sets a permanent limit on the amount of Federal public debt, prohibiting any increase unless legislation enacted by a three-fifths majority of both Houses become law.