Joint resolution proposing an amendment to the Constitution of the United States limiting expenditures by the Federal Government to revenues except in national emergencies.

Summary

Constitutional Amendment - Denies Congress the power to draw money from the Treasury in consequence of appropriations made by law in an amount which exceeds the total amount of the revenues of the United States, exclusive of borrowed sums, except in the case of a national emergency declared by a two-thirds vote of each House of Congress.

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1 official file

• Introduced in House

  summary · EN · 18 January 1973

  Open at official source

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