HR 2896 · 104th Congress · Economics and Public Finance

Balanced Budget Act of 1995

Introduced 1996-01-25· Sponsored by Rep. Smith, Nick [R-MI-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1996-01-25)

Plain Language Summary

[AI summary unavailable — showing source text] Balanced Budget Act of 1995 - Prohibits issuing any obligation subject to the limitation (under specified provisions of Federal law relating to the public debt limit) after December 31, 2001, except an obligation issued to refund an obligation issued before January 1, 2002. Provides for the suspension of that prohibition on the enactment of a joint resolution declaring a national emergency.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (13)

13 Republicans
Rep. Shays, Christopher [R-CT-4]CT
Rep. Coburn, Tom [R-OK-2]OK
Rep. Metcalf, Jack [R-WA-2]WA
Rep. Bass, Charles F. [R-NH-2]NH
Rep. Foley, Mark [R-FL-16]FL
Rep. Myrick, Sue Wilkins [R-NC-9]NC
Rep. Chenoweth-Hage, Helen [R-ID-1]ID
Rep. Solomon, Gerald B. H. [R-NY-22]NY
Rep. Bartlett, Roscoe G. [R-MD-6]MD
Rep. Baker, Bill [R-CA-10]CA
Rep. Ehlers, Vernon J. [R-MI-3]MI
Rep. Forbes, Michael P. [R-NY-1]NY
Rep. Kim, Jay [R-CA-41]CA