,,ia  #aad? ,,congress  #a/ ,session    
,h4 ,j4 ,,res4 #fi  ,,9 ,,! ,,h\se ,,(  
,,repres5tatives  ,octob] #h1 #bjae ,mr4
 ,c>ney introduc$ ! foll[+ jo9t         
resolution2 :i* 0 ref]r$ to ! ,committee
 on ! ,judici>y  ,,jo9t ,,resolution    
,propos+ a balanc$ budget am5dm5t to !  
,con/itution ( ! ,unit$ ,/ates4  ,t !   
foll[+ article is propos$ z an am5dm5t  
to ! ,con/itution ( ! ,unit$ ,/ates1 :i*
 %all be valid to all int5ts & purposes 
z "p ( ! ,con/itution :5 ratifi$ by !   
legislatures ( ?ree-f\r?s ( ! sev]al    
,/ates )9 sev5 ye>s aft] ! date ( its   
submission = ratification3   --  #a4    
,total e/imat$ outlays ( ! op]at+ funds 
( ! ,unit$ ,/ates = any fiscal ye> %all 
n exce$ total e/imat$ receipts to ^?    
funds = t fiscal ye>1 unless ,congress  
approves a specific excess ( outlays ov]
 receipts by ?ree-fif?s ( ! :ole numb] (
 ea* ,h\se by a roll call vote4  #b4    
,prior to ea* fiscal ye>1 ! ,presid5t   
%all transmit to ! ,congress a propos$  
budget = ! ,unit$ ,/ates ,gov]nm5t = !  

fiscal ye> beg9n+ 9 t cal5d> ye> 9 :i*  
total e/imat$ outlays ( ! op]at+ funds (
 ! ,unit$ ,/ates = t fiscal ye> %all n  
exce$ total e/imat$ receipts to ^? funds
 = t fiscal ye>4  #c4 ,no bill to       
increase rev5ue %all become law unless  
approv$ by a majority ( ! :ole numb] (  
ea* ,h\se by a roll call vote4  #d4 ,!  
,congress may waive ! provisions ( ?is  
article = any fiscal ye> & ! fir/ fiscal
 ye> !reaft] if a decl>ation ( w> is 9  
effect or if ! ,director ( !            
,congressional ,budget ,(fice1 or any   
successor1 e/imates t real economic gr[?
 has be5 or w be less ?an "o p]c5t = two
 consecutive qu>t]s dur+ ! p]iod ( ^?   
two fiscal ye>s4 ,! provisions ( ?is    
article may be waiv$ = any fiscal ye> 9 
:i* ! ,unit$ ,/ates is engag$ 9 milit>y 
conflict :i* causes an imm95t & s]i\s   
milit>y ?reat to national security & is 
s decl>$ by a jo9t resolution1 adopt$ by
 a majority ( ! :ole numb] ( ea* ,h\se1 
:i* becomes law4  #e4 ,total e/imat$    
receipts ( ! op]at+ funds %all exclude  

^? d]iv$ f net borr[+4 ,total e/imat$   
outlays ( ! op]at+ funds ( ! ,unit$     
,/ates %all exclude ^? = repaym5t ( debt
 pr9cipal2 & = capital inve/m5ts4 ,!    
receipts 7includ+ attributable int]e/7 &
 outlays ( ! ,f$]al ,old-,age &         
,survivors ,insurance ,tru/ ,fund & !   
,f$]al ,disability ,insurance ,tru/     
,fund %all n be c\nt$ z receipts or     
outlays = purposes ( ?is article4  #f4  
,! ,congress %all en=ce & implem5t ?is  
article by appropriate legislation1 :i* 
may rely on e/imates ( outlays &        
receipts4  #g4 ,?is article %all take   
effect beg9n+ ) ! lat] ( ! second fiscal
 ye> beg9n+ aft] its ratification or !  
fir/ fiscal ye> beg9n+ aft] ,decemb]    
#ca1 #bjbj4  4