A bill to amend the Congressional Budget and Impoundment Control Act of 1974.

Summary

Amends the Congressional Budget and Impoundment Control Act of 1974 to require a three-fifths vote of each House of Congress in order to enact any concurrent resolution on the budget which sets forth a level of total budget outlays in excess of 21 percent of the adjusted gross national product in fiscal year 1981, 20 percent of the adjusted gross national product in fiscal year 1982, or 19 percent of the adjusted gross national product in any fiscal year thereafter. Calculates the adjusted gross national product on the basis of the actual gross national product for the five fiscal years preceding the fiscal year subject to such limitations. Requires a three-fifths vote of each House of Congress in order to enact any concurrent resolution on the budget in which total budget outlays exceed total revenues.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 23 January 1980

  Open at official source

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