Joint resolution proposing an amendment to the Constitution of the United States to provide a limit, established in relation to national income, on Federal revenue and expenditures.

Summary

Constitutional Amendment - Establishes for each fiscal year a revenue and expenditure limit for the Government of the United States. States that no appropriation shall be made for any fiscal year by the Congress in excess of the revenue and expenditure limit for such fiscal year. Sets forth a formula for determining the annual limit. Provides for the suspension of the limit for the extent of an emergency as determined by a vote of at least two-thirds of each House of Congress. Establishes the Revenue and Expenditure Committee for the purpose of establishing annually the revenue and expenditure limit.

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Timeline

1. 7 November 1973

   Introduced

   Referred to House Committee on Judiciary.

   Source: IntroReferral

2. 7 November 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 November 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 7 November 1973

  Open at official source

Sponsors

• Rep. Kemp, Jack [R-NY-31] · R · Sponsor
• · hsju00 · Standing

Related records

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