118th Congress Economics and Public Finance
H.J.Res. 55: Proposing a balanced budget amendment to the Constitution of the United States.
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year unless Congress authorizes the excess by a three-fifths roll call vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing.
The amendment requires a three-fifths roll call vote of each chamber to increase the public debt limit. It prohibits a bill to increase revenue from becoming law unless it has been approved by a majority roll call vote of each chamber.
The amendment also requires the President to submit an annual budget in which total outlays do not exceed total receipts.
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Congress may waive these requirements due to a declaration of war or a military conflict that causes an imminent and serious military threat to national security.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Who scored on this bill
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History
- Introduced in the House by Rudy Yakym.
Show the full action history (3 actions)
- Introduced in House
- Sponsor introductory remarks on measure. (CR H1770)
- Referred to the House Committee on the Judiciary.