S J Res 1 - Balanced Budget amendment - National Key Vote

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Title: Balanced Budget amendment

Vote Smart's Synopsis:

Vote to pass a bill that amends the United States Constitution requiring federal revenue to exceed federal spending.

Highlights:

  • Authorizes Congress to waive the provisions of this amendment when a declaration of war is in effect, or if Congress and the President declare that there is a serious military threat to national security.
  • Requires an affirmative roll call vote of 3/5 of the Congress to increase public debt.

NOTE: AN AMENDMENT TO THE CONSTITUTION REQUIRES TWO-THIRDS APPROVAL IN EACH CHAMBER OF CONGRESS, AND RATIFICATION BY THREE-FOURTHS OF THE STATE LEGISLATURES WITHIN SEVEN YEARS OF THE DATE THE AMENDMENT WAS SUBMITTED.

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