A joint resolution proposing an amendment to the Constitution to provide that, except in time of national emergency declared by the Congress, expenditures of the Government may not exceed the revenues of the Government during any fiscal year.

Summary

Constitutional Amendment - Prohibits the aggregate amount of Government expenditures in any fiscal year from exceeding the net amount of revenue received by the Government in that year. States that total outlays may exceed total receipts in the case of a national emergency.

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1 official file

• Introduced in Senate

  summary · EN · 7 June 1978

  Open at official source

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