Joint resolution proposing an amendment to the Constitution of the United States to provide that aggregate expenditures of the Government of the United States may not exceed its net revenues during any fiscal year except in time of way or economic emergency declared by the Congress.

Summary

Constitutional Amendment - Provides that total expenditures shall not exceed net revenue. Authorizes the suspension of such prohibition in time of war or by a concurrent resolution passed by the Senate and the House stating that a national emergency requires such suspension.

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Documents

1 official file

• Introduced in House

  summary · EN · 12 October 1977

  Open at official source

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