A bill to provide that appropriations made by the United States shall not exceed its revenues, except in time of war or national emergency, and to provide for the systematic paying of the national debt.

referredUnited States· United States Congress· EN

Introduced

8 June 1978

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Prohibits Congress from making any appropriations in excess of total estimated revenues in any fiscal year beginning with fiscal year 1980. Provides an exception to such prohibition in time of war or national emergency. Prohibits any increase in the national debt. Requires the repayment of the national debt during the next 100 years.

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Documents

1 official file

Introduced in House
summary · EN · 8 June 1978
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/13055
Open data entity: https://api.congress.gov/v3/bill/95/hr/13055