H.J.Res.4 - Proposing a balanced budget amendment to the Constitution of the United States.113th Congress (2013-2014)
Joint ResolutionHide Overview icon-hide
|Sponsor:||Rep. Barrow, John [D-GA-12] (Introduced 01/03/2013)|
|Committees:||House - Judiciary|
|Latest Action:||01/25/2013 Referred to the Subcommittee on the Constitution And Civil Justice. (All Actions)|
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Summary: H.J.Res.4 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in House (01/03/2013)
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.
Directs the President to submit a balanced budget to Congress annually.
Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.
Requires the appropriate congressional committees to report to their respective chambers implementing legislation to achieve a balanced budget without reducing the disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund to achieve that goal.