A joint resolution proposing an amendment to the Constitution of the United States to limit the expenditure of Government funds during any fiscal year to the total revenue of the Government as projected by the Congress for such year.

Summary

Constitutional Amendment - Prohibits total Government expenditures from exceeding estimated revenues by more than two percent during any fiscal year. Authorizes suspension of such prohibition in time of war declared by Congress or national emergency declared by a two-thirds vote of both Houses of Congress and approved by the President. Requires any deficit to be extinguished within five fiscal years. Applies any surplus to the revenues of the Government in the succeeding fiscal year.

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

Timeline

1. 25 January 1979

   Introduced

   Referred to House Committee on the Judiciary.

   Source: IntroReferral

2. 25 January 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 January 1979

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 25 January 1979

  Open at official source

Sponsors

• Rep. Fithian, Floyd J. [D-IN-2] · D · Sponsor
• Rep. Benjamin, Adam, Jr. [D-IN-1] · D · Cosponsor
• Rep. Gingrich, Newt [R-GA-6] · R · Cosponsor
• Rep. Buchanan, John [R-AL-6] · R · Cosponsor
• Rep. Leach, Claude (Buddy), Jr. [D-LA-4] · D · Cosponsor
• Rep. Fazio, Vic [D-CA-3] · D · Cosponsor
• · hsju00 · Standing

Related records

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