MR. LIPPMAN introduced a joint resolution which was read twice and referred to the Committee on the Judiciary.
S.J. RES. 1
Proposing an amendment to the Constitution of the United States to balance the budget and/or limit terms of Members of Congress. Its popular title shall be "The Three Strikes and You're Out Amendment."
Resolved by the Senate and the House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein), That the following article is proposed as an amendment to the Constitution, 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 to the States for ratification.
Section 1. Total outlays for any fiscal year shall not exceed total receipts for that fiscal year, unless three-fifths of the whole number of each House shall provide by law for a specific excess of outlays over receipts by a roll call vote.
Section 2. The Congress may waive the provisions of this article for any fiscal year in which a declaration of war is in effect. 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 immediate and serious military threat to national security and is so declared by a joint resolution, adopted by a majority of the whole number of each House, which becomes law.
Section 3. The Congress shall enforce and implement this article by legislation which may rely on estimates of outlays and receipts.
Section 4. Total receipts shall include all receipts of the United States Government except those derived from borrowing. Total outlays shall include all outlays of the United States Government, except those for repayment of debt principal.
Section 5. A budget bill for each fiscal year shall be submitted to the whole membership of each House in which all outlays and all receipts are specifically described and which, as specified in Section 1, shall not include outlays which exceed receipts. All members are required to vote "Yea" or "Nay" on such bill. Any member not voting shall not be paid a salary for that fiscal year.
Section 6. If such bill as described in Section 5 is defeated and, as provided in Section 1, three-fifths of the members approve instead a bill which includes outlays in excess of receipts, such bill shall become law upon signature of the President of the United States.
Section 7. Any Member of either House voting in a super majority of three-fifths for a budget bill whose outlays exceed receipts a total of three times in any three fiscal years, except those described in Section 2, shall forever be ineligible to hold any office of public trust in the United States Government.