,,ia #aacth ,,congress #ast ,session ,h4 ,j4 ,,res4 #d ,,in ,,the ,,house ,,of ,,representatives ,january #c1 #bjac ,mr4 ,barrow 7for himself and ,mr4 ,cuellar7 introduced the following joint resolution2 which was referred to the ,committee on the ,judiciary ,,joint ,,resolution ,proposing a balanced budget amendment to the ,constitution of the ,united ,states4 ,that the following article is proposed as an amendment to the ,constitution of the ,united ,states1 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 ratification3 -- #a4 ,total outlays for any fiscal year shall not exceed total receipts for that fiscal year1 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 vote4 #b4 ,prior to each fiscal year1 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 receipts4 #c4 ,the ,congress may waive the provisions of this article for any fiscal year in which a declaration of war is in effect4 ,the provisions of this article may be waived for any fiscal year in which the ,united ,states is engaged in military conflict which causes an imminent and serious military threat to national security and is so declared by a joint resolution1 adopted by a majority of the whole number of each ,house1 which becomes law4 #d4 ,the ,congress shall enforce and implement this article by appropriate legislation1 which may rely on estimates of outlays and receipts4 ,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 goal4 #e4 ,total receipts shall include all receipts of the ,united ,states ,government except those derived from borrowing4 ,total outlays shall include all outlays of the ,united ,states ,government except for those for repayment of debt principal4 #f4 ,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 #ca1 #bjbb4 4