A joint resolution proposing an amendment to the Constitution of the United States to provide that Federal expenditures shall not exceed Federal revenues, except in time of war or economic necessity declared by the Congress; and to provide for the systematic paying back of the national debt.

Summary

Constitutional Amendment - Prohibits the enactment of budget authority which would result in total estimated budget outlays in excess of recommended Federal revenues in any fiscal year. Authorizes the suspension of such provision during a congressionally declared war or period of economic necessity. Prohibits any increase in the national debt as it exists on the date this article is ratified. Sets forth a schedule for repayment of the national debt.

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

Timeline

1. 5 June 1980

   Introduced

   Referred to House Committee on the Judiciary.

   Source: IntroReferral

2. 5 June 1980

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 June 1980

   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 · 5 June 1980

  Open at official source

Sponsors

• Rep. Long, Clarence D. [D-MD-2] · D · Sponsor
• · hsju00 · Standing

Related records

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