Proposing an amendment to the Constitution of the United States providing that, except in cases of national emergency, expenditures of the United States Government in any fiscal year shall not exceed its revenues for that fiscal year and shall not exceed 20 per centum of the gross national product of the preceding calendar year.

Summary

Constitutional Amendment - Prohibits fiscal year Federal expenditures from exceeding revenues, except during any national emergency declared by a three-fifths vote of the Congress. Prohibits total Government expenditures during a fiscal year from exceeding 20 percent of the gross national product for the preceding calendar year.

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

Timeline

1. 3 January 1989

   Introduced

   Referred to the House Committee on Judiciary.

   Source: IntroReferral

2. 3 January 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 January 1989

   Introduced

   Introduced in House

   Source: IntroReferral

4. 27 March 1989

   Referred

   Referred to the Subcommittee on Economic and Commercial Law.

   Source: Committee

5. 17 July 1990

   Committee

   For Further Action See H.J.Res.268.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 January 1989

  Open at official source

Sponsors

• Rep. Neal, Stephen L. [D-NC-5] · D · Sponsor
• · hsju00 · Standing

Related records

• related to ← Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation.