A joint resolution to amend the Constitution to provide for a balanced budget.

Summary

Constitutional Amendment - Requires Congress to assure that the total outlays of the Government during any fiscal year, not including any outlays for the redemption of bonds, notes, or other obligations, shall not exceed total receipts. Requires Congress, beginning with the first fiscal year after the ratification of this article, to assure that total outlays during any fiscal year do not exceed 20 percent of the gross national product during the calendar year immediately preceding the beginning of such fiscal year. Permits suspension of either limitation in the case of a national emergency by a concurrent resolution agreed to by two-thirds of all the Members of each House of Congress.

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Timeline

1. 3 February 1981

   Introduced

   Read second time and referred to Senate Committee on Judiciary.

   Source: IntroReferral

2. 3 February 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 12 February 1981

   Referred

   Referred to Subcommittee on Constitution.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 3 February 1981

  Open at official source

Sponsors

• Sen. Byrd, Harry F., Jr. [I-VA] · I · Sponsor
• · ssju00 · Standing

Related records

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