[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 69 Introduced in House (IH)]







105th CONGRESS
  1st Session
H. J. RES. 69

Proposing a balanced budget amendment to the Constitution of the United 
                                States.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 10, 1997

   Mr. Campbell introduced the following joint resolution; which was 
               referred to the Committee on the Judiciary

_______________________________________________________________________

                            JOINT RESOLUTION


 
Proposing a balanced budget amendment to the Constitution of the United 
                                States.

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

                              ``Article--

    ``Section 1. Total outlays of the United States for any fiscal year 
shall not exceed total receipts for that fiscal year, unless three 
fifths of each House of Congress, and the President, or two thirds of 
each House of Congress in the event of the President's veto, shall 
provide by law for a specific excess of outlays over receipts. Congress 
and the President shall ensure that actual outlays do not exceed the 
outlays set forth by Congress.
    ``Section 2. The amount of Federal public debt as of the first day 
of the second fiscal year beginning after the ratification of this 
article shall become a permanent limit on such debt and there shall be 
no increase in such amount unless three fifths of each House of 
Congress, and the President, or two thirds of each House of Congress in 
the event of the President's veto, shall provide by law for such an 
increase.
    ``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. Failure to make such a submission shall disempower the 
President to veto the budget resolution approved by Congress for that 
year.
    ``Section 4. In any year for which no budget resolution becomes law 
by the time of expiration of the previous year's resolution, the 
previous year's budget resolution shall constitute a cap on 
appropriations during the next year, overall and by category of that 
resolution, pro tanto, until a budget resolution for that year does 
become law.
    ``Section 5. Except as provided herein, total receipts shall 
include all receipts of the United States except those derived from net 
borrowing. Total outlays shall include all outlays of the United States 
except those allocated for repayment of debt principal. The receipts 
(including attributable interest) and outlays of the Federal Old-Age 
and Survivors Insurance Trust Fund, the Federal Disability Insurance 
Trust Fund, and the Land and Water Conservation Fund, and the 
successors of each, shall not be counted as receipts or outlays for the 
purposes of this article.
    ``Section 6. The Congress shall enforce and implement this article 
by appropriate legislation, which may rely on estimates of outlays and 
receipts.
    ``Section 7. This article shall take effect beginning with fiscal 
year 2010.''.
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