A bill to provide that Federal expenditures shall not exceed Federal revenues, except in time of war or grave national emergency declared by the Congress, and to provide for systematic reduction of the public debt.

referredUnited States· United States Congress· EN

Introduced

15 January 1979

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Requires that expenditures of the Federal Government shall not exceed its revenues except in time of war declared by Congress or during a period of grave national emergency declared by Congress upon the concurrence of two-thirds of the Members of both Houses. Amends the Second Liberty Bond Act to establish a schedule for systematic repayment of the national debt.

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Documents

1 official file

Introduced in House
summary · EN · 15 January 1979
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/house-bill/144
Open data entity: https://api.congress.gov/v3/bill/96/hr/144