H.J.Res.36 - Proposing a balanced budget amendment to the Constitution requiring that each agency and department's funding is justified.113th Congress (2013-2014)
|Sponsor:||Rep. Perry, Scott [R-PA-4] (Introduced 03/14/2013)|
|Committees:||House - Judiciary|
|Latest Action:||04/08/2013 Referred to the Subcommittee on the Constitution And Civil Justice.|
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Summary: H.J.Res.36 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in House (03/14/2013)
Constitutional Amendment - Prohibits total 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.
Prohibits total outlays for any fiscal year from exceeding the following:
- for the first fiscal year for which this Amendment takes effect, 20% of the estimated gross domestic product (GDP) of the United States for that year, and
- for each subsequent fiscal year, a percentage of the estimated GDP equal to the applicable percentage for the preceding fiscal year reduced by .1%.
States, however, that spending for any fiscal year is not required to be less than 16% of the estimated GDP.
Requires a three-fifths rollcall vote of each chamber to increase the public debt limit.
Directs the President to submit a balanced budget (budget plan) to Congress annually.
Prohibits any bill to increase revenue from becoming law unless approved by a three-fifths majority of the whole number of each chamber by rollcall vote.
Requires the budget plan to include a justification by each federal department or agency for any funding proposed in that plan.
Authorizes waivers of these requirements: (1) when a declaration of war is in effect or under other specified circumstances involving military conflict, or (2) during declaration of a natural disaster.