Proposing an amendment to the Constitution of the United States providing that, except in cases of national emergency, expenditures of the United States Government shall not exceed its revenues, nor exceed 20 percent of the gross national product, in any fiscal year.

Summary

Constitutional Amendment - Prohibits fiscal year expenditures from exceeding revenues and from exceeding 20 percent of the gross national product, except in cases of national emergency determined by a three-fifths vote of each House of the Congress.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 August 1989

  Open at official source

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