A joint resolution proposing an amendment to the Constitution relating to Federal Budget Procedures.
This bill died when its Congress ended.
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Constitutional Amendment - Requires the President to submit a balanced budget to the Congress prior to each fiscal year. Requires the Congress to: (1) approve a proposed balanced budget for each fiscal year; and (2) adopt measures necessary to assure that fiscal year appropriations do not exceed revenues. Permits any bill that would cause a violation of this latter requirement to become law only if passed by two-thirds of the Senate and the House of Representatives. Authorizes a waiver of these provisions during times of declared national emergency.
Filed in the Senate
This senate joint resolution has been filed and is working its way through Congress. It will need to pass both the Senate and the House, then be signed by the President to become law.
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