A joint resolution proposing an amendment to the Constitution of the United States which requires (subject to suspension during a time of war or national emergency) that the annual deficit of the United States be gradually reduced over a three-year period and thereafter be eliminated.

Summary

Constitutional Amendment - Declares Congress shall make no law which causes the total amount of money expended by the United States during any year to exceed the total revenues received during such year. Provides for the phased implementation of such requirement over the first three fiscal years following the ratification of this article. Authorizes suspension of such requirement during a time of war or national emergency declared by Congress with the concurrence of two-thirds of the Members of each House.

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

Timeline

No timeline events have been ingested for this record yet.

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 · 31 January 1979

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.