A joint resolution proposing an amendment to the Constitution of the United States to provide that expenditures made by the United States shall not exceed its receipts.

referredUnited States· United States Congress· EN

Introduced

30 January 1985

Last action

—

Status

Referred to Subcommittee on Monopolies and Commercial Law.

Summary

Constitutional Amendment - Prohibits the appropriation or expenditure of Federal funds in excess of Federal receipts in any fiscal year. Authorizes the Congress to suspend such prohibition in time of war or national emergency by passing a concurrent resolution by a two-thirds vote of each House. Declares that total receipts shall exclude receipts derived from borrowing and total expenditures shall exclude expenditures for repayment of debt principal.

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Documents

1 official file

Introduced in House
summary · EN · 30 January 1985
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/99th-congress/house-joint-resolution/117
Open data entity: https://api.congress.gov/v3/bill/99/hjres/117