[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 160 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 160

 To amend title 31, United States Code, to require that the President 
       submit to Congress a balanced budget for each fiscal year.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 1993

  Mr. Duncan introduced the following bill; which was referred to the 
                   Committee on Government Operations

_______________________________________________________________________

                                 A BILL


 
 To amend title 31, United States Code, to require that the President 
       submit to Congress a balanced budget for each fiscal year.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SUBMISSION OF BALANCED BUDGET.

    Section 1105 of title 31, United States Code, is amended by 
inserting at the end the following new subsection:
    ``(g)(1) Except as provided by paragraph (2), any budget submitted 
to Congress pursuant to subsection (a) for the ensuing fiscal year 
shall not be in deficit.
    ``(2) For any fiscal year for which the President determines that, 
for reasons of national security or economic necessity, it is 
infeasible to submit a budget in compliance with paragraph (1) and 
submits written reasons to Congress in support of that determination, 
the President shall submit 2 budgets only 1 of which is in compliance 
with paragraph (1).''.

SEC. 2. EFFECTIVE DATE.

    The amendment made by section 1 shall take effect beginning with 
fiscal year 1994 and shall be fully reflected in the fiscal year 1994 
budget submitted by the President as required by section 1105(a) of 
title 31, United States Code.

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