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HJRES 5

Title: Proposing an amendment to the Constitution of the United States relative to balancing the budget.
Author: Rep. Vern Buchanan (R-FL)

Summary
...This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year unless Congress authorizes the excess by a two-thirds vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing. </p> <p>The amendment prohibits total outlays for any fiscal year from exceeding 18% of the gross domestic product of the United States, unless two-thirds of each house of Congress provides for a specific increase above this amount. </p> <p>The amendment requires a two-thirds vote of each chamber of Congress to impose a new tax, increase the statutory rate of any tax, or increase the aggregate amount of revenue. It requires a three-fifths vote of each chamber to ...

Status
Introduced in House 01/03/2019
Introduced in House 01/03/2019
Referred to the House Committee on the Judiciary. 01/03/2019
Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties. 01/03/2019

Bill Text
01/03/2019 - HJRES 5 (Introduced+in+House)

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Author Details


    Rep. Vern Buchanan (R-FL)
    U.S. Representative

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