,,ia  #aahth ,,congress  #ast ,session  
,h4 ,j4 ,,res4 #ba  ,,in ,,the ,,house  
,,of ,,representatives  ,january #ab1   
#bjbc,mr4 ,van ,orden 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 outlays for any fiscal year shall
 not exceed total receipts for that     
fiscal year4 ,total outlays shall       
include all outlays of the ,united      
,states except those for payment of     
debt1 and total receipts shall include  
all revenue of the ,united ,states      

except that derived from borrowing4  #b4
 ,the ,congress may by a roll call vote 
of three-fifths of each ,house of       
,congress declare an emergency and      
provide by law for specific outlays in  
excess of the limit in section #a with  
respect to a fiscal year4  #c4 ,the     
,congress may provide by law for        
increasing revenue of the ,united       
,states1 except that derived from       
borrowing1 only by a roll call vote of a
 majority of each ,house4  #d4 ,the     
limit on the debt of the ,united ,states
 held by the public shall not be        
increased unless three-fifths of each   
,house of ,congress provides by law for 
such an increase by a roll-call vote4   
#e4 ,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  #f4    
,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  #g4         
,congress shall have power to enforce   
this article by appropriate legislation4
  #h4 ,this article shall take effect   
beginning with the tenth fiscal year    
after its ratification4  4