[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.J. Res. 41 Introduced in House (IH)]

112th CONGRESS
  1st Session
H. J. RES. 41

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 17, 2011

   Mr. DeFazio 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 for any fiscal year shall not exceed 
total receipts for that fiscal year, unless three-fifths of the whole 
number of each House of Congress shall provide by law for a specific 
excess of outlays over receipts by a rollcall vote.
    ``Section 2. 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 3. No bill to increase or decrease revenue shall become 
law unless approved by a majority of the whole number of each House by 
a rollcall vote.
    ``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. The Congress shall enforce and implement this article 
by appropriate legislation, which may rely on estimates of outlays and 
receipts. The appropriate committees of the House of Representatives 
and the Senate shall report to their respective Houses implementing 
legislation to achieve a balanced budget without reducing the 
disbursements of the Federal Old-Age and Survivors Insurance Trust Fund 
and the Federal Disability Insurance Trust Fund to achieve that goal.
    ``Section 6. Total receipts shall include all receipts of the 
United States Government except those derived from borrowing. Total 
outlays shall include all outlays of the United States Government 
except for those for repayment of debt principal.
    ``Section 7. This article shall take effect beginning with the 
later of the second fiscal year beginning after its ratification or the 
first fiscal year beginning after December 31, 2016.''.
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