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United States · Bill · SJRES

S.J.Res. 29 (108th)

A joint resolution proposing an amendment to the Constitution of the United States which requires (except during time of war and subject to suspension by the Congress) that the total amount of money expended by the United States during any fiscal year not exceed the amount of certain revenue received by the United States during such fiscal year and not exceed 20 per centum of the gross national product of the United States during the previous calendar year.

referredUnited States· United States Congress· EN

Introduced

11 March 2004

Last action

11 March 2004 · Introduced

Status

Referred to the Committee on the Judiciary. (text of measure as introduced: CR 3/12/2004 S2728)

Sponsors

Sen. Shelby, Richard C. [R-AL]

Subjects

Rule of law, Taxation

Source updated

10 August 2026

Rule of law · Taxation

Summary

Constitutional Amendment - Prohibits, except in time of war, Federal fiscal year expenditures from exceeding: (1) Federal revenues for that fiscal year, except revenue received from the issuance of bonds, notes, or other obligations of the United States; and (2) 20 percent of the gross national product for the preceding calendar year. Authorizes suspension of these prohibitions by concurrent resolution approved by a three-fifths vote of each House of Congress.

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

Timeline

  1. 11 March 2004

    Introduced

    Referred to the Committee on the Judiciary. (text of measure as introduced: CR 3/12/2004 S2728)

    Source: IntroReferral

  2. 11 March 2004

    Introduced

    Sponsor introductory remarks on measure. (CR 3/12/2004 S2727-2728)

    Source: IntroReferral

  3. 11 March 2004

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate

    summary · EN · 11 March 2004

    Open at official source

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 1 January 2004

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 1 January 2004

    ViewDownloadOpen at official source

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Sponsors

Related records

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Sources

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