Text: H.J.Res.55 — 114th Congress (2015-2016)All Bill Information (Except Text)

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Introduced in House (05/31/2016)


114th CONGRESS
2d Session
H. J. RES. 55


Proposing a balanced budget amendment to the Constitution of the United States.


IN THE HOUSE OF REPRESENTATIVES

May 20, 2015

Mr. Brat introduced the following joint resolution; which was referred to the Committee on the Judiciary

May 31, 2016

Additional sponsors: Mr. Ribble, Mr. Amash, Mr. Zinke, Mr. Cramer, Mr. Gosar, Mr. Perry, Mr. Newhouse, Mr. Walberg, Mr. Massie, Mr. Mooney of West Virginia, Mr. McClintock, Mr. Guthrie, Mr. Griffith, Mr. Clawson of Florida, Mr. Jones, Mr. Posey, Mr. Duncan of South Carolina, Mr. Rohrabacher, Mr. Sanford, Mr. Harris, Mr. Labrador, Mr. Rigell, Mr. Yoho, Mr. Gowdy, Mr. Stutzman, Mr. Messer, Mr. Gibson, Mr. Palazzo, Mr. Webster of Florida, Mr. Westerman, Mr. Sensenbrenner, Mrs. Love, Mr. Moolenaar, Mr. Grothman, Mr. Lipinski, Mr. Walker, Mr. Zeldin, Mr. Bishop of Michigan, Mr. Rokita, Mr. Marino, Mr. Rice of South Carolina, Mr. Salmon, Mr. Byrne, Mr. Meadows, Mr. Fleming, Mr. Buck, Mr. Jordan, Mr. Schweikert, Mr. Bridenstine, Mr. Blum, Mr. Stivers, Mr. DesJarlais, Mr. Carter of Georgia, Mr. Garrett, Mr. Guinta, Mrs. Blackburn, Mr. Fincher, Mr. Austin Scott of Georgia, Mr. Ratcliffe, Mr. Franks of Arizona, Mr. Loudermilk, Mr. Renacci, and Mr. Trott


JOINT RESOLUTION

Proposing a balanced budget amendment to the Constitution of the United States.

Resolved by the Senate and House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein), That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification:

article

section 1. Expenditures and receipts shall be balanced, which may occur over more than one year to accommodate economic conditions. Expenditures shall include all expenditures of the United States except those for payment of debt, and receipts shall include all receipts of the United States except those derived from borrowing.

section 2. For emergency situations two-thirds of the House of Representatives and the Senate may for limited times authorize expenditures exceeding those pursuant to rules established under section 1. Debts incurred from such expenditures shall be paid as soon as practicable.

section 3. Congress shall have power to enforce this article by appropriate legislation, which shall allow not more than ten years after ratification to comply with section 1.”.