A joint resolution proposing an amendment to the Constitution of the United States to provide that expenditures for a fiscal year shall neither exceed revenues for such fiscal year nor 19 per centum of the Nation's gross national product for the last calendar year ending before the beginning of such fiscal year.

Summary

Constitutional Amendment - Prohibits, in any fiscal year, total Federal outlays from exceeding total receipts and Federal outlays from exceeding 19 percent of the Nation's gross national product. Allows such prohibitions to be suspended by a three-fifths roll call vote of each House of Congress.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 4 January 1995

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 4 January 1995

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• Introduced in Senate

  summary · EN · 4 January 1995

  Open at official source

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