[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S.J. Res. 26 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
S. J. RES. 26

   Proposing an amendment to the Constitution relating to a Federal 
                            balanced budget.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

             January 27 (legislative day, January 5), 1993

 Mr. DeConcini (for himself and Mr. Thurmond) introduced the following 
joint resolution; which was read twice and referred to the Committee on 
                             the Judiciary

_______________________________________________________________________

                            JOINT RESOLUTION


 
   Proposing an amendment to the Constitution relating to a Federal 
                            balanced budget.

    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 if 
ratified by the legislatures of three-fourths of the several States 
within seven years after its submission to the States for ratification:

                              ``Article--

    ``Section 1. Total outlays of the United States for any fiscal year 
shall not exceed total receipts to the United States for that year, 
unless three-fifths of the whole number of both Houses of Congress 
shall provide for a specific excess of outlays over receipts.
    ``Section 2. Any bill for raising taxes shall become law only if 
approved by a majority of the whole number of both Houses of Congress 
by rollcall vote.
    ``Section 3. Prior to each fiscal year, the President shall 
transmit to the Congress a proposed budget for the United States 
Government for that fiscal year in which total outlays do not exceed 
total receipts.
    ``Section 4. The Congress may waive the provisions of this article 
for any fiscal year in which a declaration of war is in effect.
    ``Section 5. Total receipts shall include all receipts of the 
United States except those derived from borrowing. Total outlays shall 
include all outlays of the United States except for those for repayment 
of debt principal.
    ``Section 6. This article shall take effect beginning with the 
second fiscal year beginning after its ratification.''

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