3.0.0 69 2023-01-11T13:29:43Z 2023-01-11T13:29:43Z House HJRES 2015-10-08 114 [Congressional Record Volume 161, Number 148 (Thursday, October 8, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CARNEY:H.J. Res. 69.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the United StatesConstitution, the Taxing and Spending Clause: ``The Congressshall have Power To lay and collect Taxes, Duties, Impostsand Excises, to pay the Debts and provide for the commonDefence and general Welfare of the United States . . .''____________________[Page H6937]]]> hsju00 Judiciary Committee House Standing hsju10 Constitution and Limited Government Subcommittee Referred to 2015-11-03T18:42:44Z Referred to 2015-10-08T14:01:40Z Proposing a balanced budget amendment to the Constitution of the United States. 114 2 HJRES 2015-01-12 Referred to the Subcommittee on the Constitution and Civil Justice. Related bill CRS 2015-11-03 hsju10 Constitution and Limited Government Subcommittee 1 House committee actions Referred to the Subcommittee on the Constitution and Civil Justice. Committee 2015-10-08 Referred to the House Committee on the Judiciary. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2015-10-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-10-08 Introduced in House IntroReferral 1000 9 Library of Congress C001083 Rep. Carney, John C., Jr. [D-DE-At Large] John Carney D DE C. N Economics and Public Finance Budget deficits and national debt Constitution and constitutional amendments Economic performance and conditions Income tax rates Legislative rules and procedure Economics and Public Finance 00 2015-10-08 Introduced in House 2015-11-23T14:43:04Z Constitutional Amendment

This joint resolution proposes a constitutional amendment prohibiting total outlays of the operating funds of the United States from exceeding total receipts of those funds for a fiscal year unless Congress authorizes the excess by a three-fifths vote of each chamber.

The prohibition excludes:

  • outlays for repayment of debt principal, capital investments, and Social Security; and
  • receipts derived from net borrowing or Social Security.

The President must submit an annual budget in which total outlays for operating funds do not exceed total receipts for those funds for the fiscal year.

Congress may waive the requirements for two years if: (1) a declaration of war is in effect, or (2) the Congressional Budget Office estimates that real economic growth has been or will be less than 1% for two consecutive quarters during the two-year period.

Congress may also waive the requirements for any year in which the United States is engaged in military conflict which causes an imminent and serious military threat to national security.

]]> Proposing a balanced budget amendment to the Constitution of the United States. Display Title Proposing a balanced budget amendment to the Constitution of the United States. Official Title as Introduced Proposing a balanced budget amendment to the Constitution of the United States. Introduced in House IH Introduced in House 2015-10-08T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hjres69ih/xml/BILLS-114hjres69ih.xml 2015-11-03 Referred to the Subcommittee on the Constitution and Civil Justice. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.