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.

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 30 January 1985

   Introduced

   Referred to House Committee on The Judiciary.

   Source: IntroReferral

2. 30 January 1985

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 January 1985

   Introduced

   Introduced in House

   Source: IntroReferral

4. 6 March 1985

   Referred

   Referred to Subcommittee on Monopolies and Commercial Law.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 30 January 1985

  Open at official source

Sponsors

• Rep. Strang, Michael L. [R-CO-3] · R · Sponsor
• Rep. Schaefer, Dan [R-CO-6] · R · Sponsor
• Rep. Kramer, Ken [R-CO-5] · R · Sponsor
• Sen. Brown, Hank [R-CO] · R · Sponsor
• · hsju00 · Standing

Related records

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