A joint resolution proposing an amendment to the Constitution relating to a Federal budget and tax limitation.

Summary

Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement for that year in which total outlays are not greater than total receipts. Permits the Congress, by a three-fifths vote of each House, to provide for a specific excess of outlays over receipts in such statement. Prohibits actual outlays from exceeding the outlays set forth in such statement. Prohibits total receipts in such statement from increasing by a rate greater than the increase in national income in the previous year, unless a bill directed solely to approving specific additional receipts is enacted. Permits the Congress to waive the provisions of this Act for any fiscal year in which a declaration of war is in effect.

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

Timeline

1. 6 January 1987

   Introduced

   Read twice and referred to the Committee on Judiciary.

   Source: IntroReferral

2. 6 January 1987

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 9 February 1987

   Referred

   Referred to Subcommittee on Constitution.

   Source: Committee

4. 23 March 1988

   Committee

   Subcommittee on Constitution. Hearings held.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 6 January 1987

  Open at official source

Sponsors

• Sen. Dole, Robert J. [R-KS] · R · Sponsor
• Sen. Symms, Steven D. [R-ID] · R · Sponsor
• Sen. Pressler, Larry [R-SD] · R · Cosponsor
• · ssju00 · Standing

Related records

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