SJR 023 Proposes federal balanced budget constitutional amendment
Committee: LR Number:S1519.01I
Last Action:02/09/95 - S First Read
Effective Date:Indefinite
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Current Bill Summary

SJR 23 - This resolution contains the proposal for requiring a federal balanced budget. Federal outlays cannot exceed receipts in any fiscal year and the debt limit cannot be increased without a vote of three-fifths of the members of both houses of Congress. The provisions of the amendment may be waived for any year in which there is a declaration of war in effect.