Joint resolution proposing an amendment to the Constitution of the United States limiting deficit spending by the Federal Government.

Summary

Constitutional Amendment - States that the Congress shall not have power for any fiscal accounting period to draw money from the Treasury in consequence of appropriations made by law in an amount which exceeds in the aggregate the total amount of the revenues of the United States (exclusive of borrowed sums) during the previous fiscal accounting period and five percent of those revenues, except where Congress by two-thirds vote of both Houses during a fiscal accounting period shall determine that a national emergency requires that additional money be drawn from the Treasury during that same fiscal accounting period.

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Timeline

1. 4 February 1975

   Introduced

   Referred to House Committee on the Judiciary.

   Source: IntroReferral

2. 4 February 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 February 1975

   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 · 4 February 1975

  Open at official source

Sponsors

• Rep. Gaydos, Joseph M. [D-PA-20] · D · Sponsor
• · hsju00 · Standing

Related records

• related to ← Resolution proposing an amendment to the Constitution of the United States limiting deficit spending by the Federal Government.