A joint resolution proposing an amendment to the Constitution of the United States which requires (except during time of war and subject to suspension by the Congress) that the total amount of money expended by the United States during any fiscal year not exceed the amount of certain revenue received by the United States during such fiscal year and not exceed 20 per centum of the gross national product of the United States during the previous calendar year.

Summary

Constitutional Amendment - Prohibits the total amount of money expended by the United States in any fiscal year from exceeding the total amount of revenue received by the United States during such year, except revenue received from the issuance of bonds, notes, or other obligations. Prohibits the total amount of money expended by the United States in any fiscal year from exceeding the amount equal to 20 percent of the gross national product during the last calendar year ending before the beginning of such fiscal year. Permits the suspension of such prohibitions during any fiscal year during any part of which the United States is at war declared by Congress.

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

Timeline

1. 8 February 1983

   Introduced

   Referred to House Committee on The Judiciary.

   Source: IntroReferral

2. 8 February 1983

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 February 1983

   Introduced

   Introduced in House

   Source: IntroReferral

4. 10 February 1983

   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 · 8 February 1983

  Open at official source

Sponsors

• Sen. Shelby, Richard C. [R-AL] · D · Sponsor
• · hsju00 · Standing

Related records

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