A bill to provide that Federal expenditure 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

7 October 1974

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Provides that Federal expenditures shall not exceed Federal revenues, except in time of war or grave national emergency declared by the Congress. Provides for the systematic reduction of the public debt by one percent of the net revenue of the United States for each fiscal year hereafter.

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 7 October 1974
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/93rd-congress/house-bill/17104
Open data entity: https://api.congress.gov/v3/bill/93/hr/17104