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. 9 December 1981

   Introduced

   Read second time and referred to Senate Committee on Judiciary.

   Source: IntroReferral

2. 9 December 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 10 December 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 · 9 December 1981

  Open at official source

Sponsors

• Sen. Stennis, John C. [D-MS] · D · Sponsor
• · ssju00 · Standing

Related records

• related to → A joint resolution to amend the Constitution of the United States to require a balanced Federal budget.