H.J.Res.22 - Proposing a balanced budget amendment to the Constitution of the United States.108th Congress (2003-2004)
|Sponsor:||Rep. Istook, Ernest J., Jr. [R-OK-5] (Introduced 02/13/2003)|
|Committees:||House - Judiciary|
|Latest Action:||09/22/2004 Committee Consideration and Mark-up Session Held.|
|Notes:||On 6/25/2003, a motion was filed to discharge the Rules Committee from consideration of H.Res.275 a resolution providing for the consideration of H.J.Res.22. A discharge petition requires 218 signatures for further action. (Discharge Petition No. 108-3: text with signatures.)|
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Subject — Policy Area:
- Economics and Public Finance
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Summary: H.J.Res.22 — 108th Congress (2003-2004)All Bill Information (Except Text)
Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a three-fifths rollcall vote of each House, authorizes a specific excess of outlays over receipts.
Introduced in House (02/13/2003)
Requires a three-fifths rollcall vote of each House to increase the public debt limit.
Directs the President to submit a balanced budget to Congress annually.
Prohibits any bill to increase revenue from becoming law unless approved by a majority of each House by rollcall vote.
Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.