Incumbent Congressional Reelections. Federal Budget Deficit. Initiative Statute.

INCUMBENT CONGRESSIONAL REELECTIONS. FEDERAL BUDGET DEFICIT. INITIATIVE STATUTE. Prohibits California\u27s incumbent U.S. Senators and Representatives from reelection if, during their term in office, any budget passed by Congress did not have a reduction in the deficit equal to or greater than 20% of the prior year\u27s deficit, through the year 1999. Beginning in the year 2000, reelection would be prohibited whenever less than 1% of the budget was allocated to the reduction of outstanding federal debt. These provisions would be suspended in the event of a formal declaration of war. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: This measure would have no direct fiscal impact on the state or local governments