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 percent 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. 25 February 1981

   Introduced

   Referred to House Committee on The Judiciary.

   Source: IntroReferral

2. 25 February 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 February 1981

   Introduced

   Introduced in House

   Source: IntroReferral

4. 2 March 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 · 25 February 1981

  Open at official source

Sponsors

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

Related records

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