H.J.Res.93 - Proposing a balanced budget amendment to the Constitution of the United States.114th Congress (2015-2016)
|Sponsor:||Rep. Gohmert, Louie [R-TX-1] (Introduced 05/10/2016)|
|Committees:||House - Judiciary|
|Latest Action:||House - 05/17/2016 Referred to the Subcommittee on the Constitution and Civil Justice. (All Actions)|
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Summary: H.J.Res.93 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (05/10/2016)
This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts or 18.5% of the economic output of the United States for the fiscal year. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing.
The amendment requires a three-fourths roll call vote of each chamber of Congress to increase the public debt limit or revenue.
It also requires the President to submit a balanced budget to Congress annually and specifies that the failure to do so will be considered an impeachable offense.
Congress may waive these requirements when: (1) a declaration of war is in effect, or (2) the United States is engaged in a military conflict which causes an imminent and serious military threat to national security that has been declared by a joint resolution. Waivers must identify and be limited to the excess that is necessary for a year due to the identified military conflict.