A joint resolution to require the Federal Government to end deficit financing.

Summary

Constitutional Amendment - Requires the President to review Government revenues and expenditures at specified times and to determine a surtax rate when expenditures exceed revenues to insure that receipts will equal outlays. Authorizes the suspension of such measures in the case of a grave national emergency declared by Congress.

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

Timeline

1. 5 January 1981

   Introduced

   Read second time and referred to Senate Committee on Judiciary.

   Source: IntroReferral

2. 5 January 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 5 February 1981

   Referred

   Referred to Subcommittee on Constitution.

   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 Senate

  summary · EN · 5 January 1981

  Open at official source

Sponsors

• Sen. DeConcini, Dennis [D-AZ] · D · Sponsor
• · ssju00 · Standing

Related records

• related to → A joint resolution proposing an amendment to the Constitution to require that congressional resolutions setting forth levels of total budget outlays and Federal revenues must be agreed to by two-thirds vote of both Houses of the Congress if the level of outlays exceeds the level of revenues.
• related to → A joint resolution proposing an amendment to the Constitution to require that congressional resolutions setting forth levels of total budget outlays and Federal revenues must be agreed to by two-thirds vote of both Houses of the Congress if the level of outlays exceeds the level of revenues.
• related to → A joint resolution proposing an amendment to the Constitution to require that Congressional resolutions setting forth levels of total budget outlays and Federal revenues must be agreed to by two-thirds vote of both Houses of Congress if the level of outlays exceeds the level of revenues.