A joint resolution proposing an amendment to the Constitution relating to Federal budget procedures.

Summary

Constitutional Amendment - Requires, before each fiscal year: (1) the President to submit to the Congress a proposed statement of revenues and appropriations for the upcoming fiscal year and measures necessary to assure that appropriations will not exceed revenues; and (2) the Congress to approve such a statement and adopt measures to assure that appropriations do not exceed revenues for that year. Prohibits any bill which causes appropriations to exceed revenues for a fiscal year from becoming law unless passed by two-thirds of the Senate and the House of Representatives. Authorizes the Congress to waive this Article in a national emergency.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 21 January 1987

  Open at official source

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