A joint resolution proposing an amendment to the Constitution of the United States to provide that, except in cases of war or other grave national emergency as determined by the Congress, expenditures of the United States in each fiscal year shall not exceed 20 per centum of the gross national product for the preceding calendar year, and expenditures of the United States in each fiscal year shall not exceed revenues of the United States for that fiscal year.

Summary

Constitutional Amendment - Requires the President to determine the gross national product of the United States for each calendar year. Prohibits the total expenditures of the United States during a fiscal year from exceeding: (1) 20 percent of the gross national product for the preceding calendar year; and (2) total revenues during such fiscal year. Provides for suspension of such prohibition in time of war or grave national emergency declared by the Congress.

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

Timeline

1. 7 January 1985

   Introduced

   Referred to House Committee on The Judiciary.

   Source: IntroReferral

2. 7 January 1985

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 January 1985

   Introduced

   Introduced in House

   Source: IntroReferral

4. 6 March 1985

   Referred

   Referred to Subcommittee on Monopolies and Commercial Law.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 7 January 1985

  Open at official source

Sponsors

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

Related records

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