H.J.Res.2 - Proposing a balanced budget amendment to the Constitution of the United States.112th Congress (2011-2012)
|Sponsor:||Rep. Goodlatte, Bob [R-VA-6] (Introduced 01/05/2011)|
|Committees:||House - Judiciary|
|Latest Action:||11/30/2011 Committee on the Judiciary Subcommittee on the Constitution, Civil Rights and Human Rights. Hearings held. With printed Hearing: S.Hrg. 112-512.|
|Major Recorded Votes:||11/18/2011 : Failed House|
This bill has the status Failed House
Here are the steps for Status of Legislation:
- Failed House
Summary: H.J.Res.2 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (01/05/2011)
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 chamber, authorizes a specific excess of outlays over receipts.
Requires a three-fifths rollcall vote of each chamber 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 chamber by rollcall vote.
Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.