A joint resolution to amend the Constitution of the United States to provide for balancing Federal outlays and receipts.

Summary

Constitutional Amendment - Prohibits total outlays of the Government from exceeding total receipts in any fiscal year. Permits a deficit in the first fiscal year beginning after ratification of this article of not more than half of the deficit for the preceding year. Authorizes a budget in which outlays exceed receipts in the case of a national emergency declared by the Congress with the concurrence of two-thirds of the Members of both Houses.

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

Timeline

1. 25 April 1979

   Introduced

   Referred to House Committee on the Judiciary.

   Source: IntroReferral

2. 25 April 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 April 1979

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 25 April 1979

  Open at official source

Sponsors

• Rep. Findley, Paul [R-IL-20] · R · Sponsor
• · hsju00 · Standing

Related records

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