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 the total expenditure of Government funds during any fiscal year from exceeding the total revenue of the Government as projected by the Congress for that fiscal year. Permits a suspension of such prohibition with respect to any fiscal year during any part of which the United States is in a state of war declared by Congress or any fiscal year that a national emergency exists and the Congress, by a two-thirds vote of each House, adopts a joint resolution stating that such national emergency requires a suspension. Requires such joint resolution to be approved by the President. Permits the total expenditures during any such fiscal year to exceed the total revenue as projected by Congress by two percent. Requires any deficit to be extinguished by the end of the fifth fiscal year after the fiscal year in which such deficit occurred. Declares that any surplus shall be deemed revenue of the Government for the following fiscal year.

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Timeline

1. 19 February 1981

   Introduced

   Referred to House Committee on The Judiciary.

   Source: IntroReferral

2. 19 February 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 February 1981

   Introduced

   Introduced in House

   Source: IntroReferral

4. 20 February 1981

   Referred

   Referred to Subcommittee on Monopolies and Commercial Law.

   Source: Committee

5. 18 March 1981

   Committee

   Subcommittee Hearings Held.

   Source: Committee

6. 19 March 1981

   Committee

   Subcommittee Hearings Held.

   Source: Committee

7. 5 May 1982

   Committee

   Subcommittee Hearings Held.

   Source: Committee

8. 19 May 1982

   Committee

   Subcommittee Hearings Held.

   Source: Committee

9. 18 August 1982

   Committee

   See H.J.Res.350.

   Source: Committee

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 · 19 February 1981

  Open at official source

Sponsors

• Rep. Fithian, Floyd J. [D-IN-2] · D · Sponsor
• · hsju00 · Standing

Related records

• related to ← A joint resolution proposing an amendment to the Constitution altering Federal budget procedures.