A joint resolution to amend the Constitution of the United States to provide for balanced budgets and elimination of Federal indebtedness.

Summary

Constitutional Amendment - Requires the Congress to assure that the total outlays of the Government do not exceed the total receipts of the Government during any fiscal year. Provides for the phased in implementation of this requirement after the ratification of this amendment. Permits expenditures to exceed national revenues in time of national emergency, but never by more than ten percent. Provides that during the fifth fiscal year beginning after the ratification of this amendment and for the succeeding 19 fiscal years the total receipts of the Government shall exceed outlays by an amount equal to five percent of the Federal indebtedness at the beginning of the fifth fiscal year.

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

Timeline

1. 24 January 1985

   Introduced

   Referred to House Committee on The Judiciary.

   Source: IntroReferral

2. 24 January 1985

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 January 1985

   Introduced

   Introduced in House

   Source: IntroReferral

4. 6 March 1985

   Referred

   Referred to Subcommittee on Monopolies and Commercial Law.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 24 January 1985

  Open at official source

Sponsors

• Rep. Anderson, Glenn M. [D-CA-32] · D · Sponsor
• · hsju00 · Standing

Related records

No cross-record relationships stored yet.