,,ia  #aafth ,,congress  #ast ,session  
,h4 ,j4 ,,res4 #fh  ,,in ,,the ,,house  
,,of ,,representatives  ,june #bj1      
#bjai,mr4 ,green of ,tennessee submitted
 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 expenditures for any fiscal year 
shall not exceed total receipts for that
 fiscal year4 ,such total expenditures  
do not include those for repayment of   
debt principal and such total receipts  
may not include those derived from      
borrowing4  #b4 ,for a national         

emergency1 two-thirds of each ,house of 
,congress may for limited times         
authorize expenditures exceeding those  
pursuant to rules established under     
section #a4 ,debts incurred from such   
expenditures shall be paid as soon as   
practicable4  #c4 ,before each fiscal   
year1 the ,president shall transmit to  
the ,congress a proposed budget for such
 fiscal year for the ,government in     
which total expenditures do not exceed  
total receipts4 ,if the ,president fails
 to perform the duty imposed by this    
section1 any executive actions may be   
unilaterally overturned by a simple     
majority vote of each ,house of         
,congress until the date on which the   
,president submits the proposed budget  
to ,congress4  #d4 ,the limit on the    
debt of the ,united ,states held by the 
public shall not be increased unless    
two-thirds of each ,house of ,congress  
provides by law for such an increase by 
a roll-call vote4  #e4 ,for purposes of 
section #b1 a national emergency occurs 

whenever a declaration of war is in     
effect or whenever ,congress adopts a   
concurrent resolution declaring a       
national emergency4  #f4 ,congress shall
 have power to enforce this article by  
appropriate legislation4  #g4 ,this     
article shall take effect beginning with
 the tenth fiscal year after its        
ratification4  4