H.J.Res.74 - Proposing a balanced budget amendment to the Constitution of the United States.109th Congress (2005-2006)
Joint ResolutionHide Overview icon-hide
|Sponsor:||Rep. Jenkins, William L. [R-TN-1] (Introduced 12/14/2005)|
|Committees:||House - Judiciary|
|Latest Action:||02/16/2006 Referred to the Subcommittee on the Constitution. (All Actions)|
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Summary: H.J.Res.74 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in House (12/14/2005)
Constitutional Amendment - Prohibits federal expenditures (except those for repayment of debt principal) from exceeding revenues (except those derived from borrowing) for any fiscal year unless three-fifths of the whole number of each chamber provides for a specific excess of expenditures over revenues by a rollcall vote.
Authorizes Congress to waive such prohibition when a declaration of war is in effect or under other specified circumstances involving military conflict.