,i #aacth ,,congress #ast ,session ,h4 ,r4 #ddc ,,in ,,the ,,house ,,of ,,representatives ,february #a1 #bjac ,mr4 ,brooks of ,alabama 7for himself1 ,mr4 ,bachus1 ,mr4 ,jones1 and ,mr4 ,southerland7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to increase the statutory limit on the public debt by #a trillion upon the adoption by ,congress of a balanced budget ,constitutional amendment and by an additional #a trillion upon ratification by the ,states of that amendment4 #a4 ,short title ,this ,act may be cited as the ,protecting ,america's ,solvency ,act of #bjac4 #b4 ,increase in the statutory limit on the public debt 7a7 ,adoption ,effective upon the adoption by the ,congress of a balanced budget ,constitutional amendment with the provisions described in section #c below1 the statutory limit on the public debt set forth in section #caja7;b7 of title #ca1 ,united ,states ,code1 is increased by #a trillion4 7b7 ,ratification ,effective upon the ratification by the ,states of the balanced budget ,constitutional amendment with the provisions described in section #c below1 the statutory limit on the public debt set forth in section #caja7;b7 of title #ca1 ,united ,states ,code1 is increased by an additional #a trillion4 #c4 ,required provisions of a balanced budget constitutional amendment ,a balanced budget ,constitutional amendment1 to comply with the requirements of section #b above1 must include the following provisions3 7#a7 ,total outlays of the ,united ,states for any fiscal year shall not exceed total receipts for that fiscal year4 ,total receipts shall include all receipts of the ,united ,states except those derived from borrowing4 ,total outlays shall include all outlays of the ,united ,states except those for repayment of debt principal4 ,the ,united ,states shall have no fiscal year deficits except pursuant to the terms of the amendment4 7#b7 ,the fiscal year deficit prohibition described herein may be suspended by a majority of the membership of both ,houses of ,congress1 by roll call vote1 for any fiscal year in which the ,united ,states is actively engaged in military conflict pursuant to a war declared by ,congress pursuant to article ,i1 section #h1 or may be suspended by four-fifths of the membership of ,congress1 by roll call vote1 for any other fiscal year4 7#c7 ,in any fiscal year in which ,congress does not suspend the amendment pursuant to its terms and in which total outlays will or may exceed total receipts1 the ,president shall take such steps as are necessary to ensure total outlays for that fiscal year do not exceed total receipts4 ,the ,president may not order any increase in taxes or other revenue measures to enforce the amendment4 ,a ,president's failure to prevent a prohibited fiscal year deficit is an impeachable offense4 7#d7 ,any ,member of ,congress and any ,governor or attorney general of any ,state shall have standing and a cause of action to seek judicial enforcement of the amendment4 ,no court of the ,united ,states or of any ,state may order any increase in taxes or other revenue measures to prevent or reduce fiscal year deficits4 7#e7 7,a7 ,the amendment shall be phased-in beginning with the first fiscal year commencing six or more months after ratification of the amendment by the ,states4 7,b7 ,within three months after ratification1 the ,president shall calculate the total outlays1 the total receipts1 and the resulting deficit of the ,united ,states for the fiscal year in which the amendment was ratified4 ,this deficit is the ,base ,deficit4 7,c7 ,fiscal year deficits shall be phased out as follows3 7i7 ,the deficit for the first fiscal year commencing #f or more months after ratification by the ,states of the amendment shall not exceed #hj percent of the ,base ,deficit4 7ii7 ,the deficit for the first fiscal year commencing #ah or more months after ratification by the ,states of the amendment shall not exceed #fj percent of the ,base ,deficit4 7iii7 ,the deficit for the first fiscal year commencing #cj or more months after ratification by the ,states of the amendment shall not exceed #dj percent of the ,base ,deficit4 7iv7 ,the deficit for the first fiscal year commencing #db or more months after ratification by the ,states of the amendment shall not exceed #bj percent of the ,base ,deficit4 7v7 ,there shall be no deficit for any fiscal year commencing #ed or more months after ratification by the ,states of the amendment4