A joint resolution to amend the Constitution of the United States to limit budget outlays for a fiscal year to not more than 20 per centum of gross national product for such fiscal year.

Summary

Constitutional Amendment - Requires the Congress to assure that the total outlays of the Government during any fiscal year (except for the repayment of debt) do not exceed an amount equal to the greater of: (1) the difference between: (a) an amount which bears the same ratio to the gross national product at the close of such fiscal year as outlays for the preceding fiscal year bear to the gross national product at the close of such preceding fiscal year; and (b) an amount equal to one percent of gross national product for such fiscal year; and (2) 20 percent of the gross national product for such fiscal year. Permits a waiver of such limitations in case of national emergency or war, but all expenditures in excess of such limitations must be approved by three-fourths of Congress.

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

Timeline

1. 3 March 1983

   Introduced

   Read twice and referred to the Committee on Judiciary.

   Source: IntroReferral

2. 3 March 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 9 March 1983

   Referred

   Referred to Subcommittee on Constitution.

   Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 3 March 1983

  Open at official source

Sponsors

• Sen. McClure, James A. [R-ID] · R · Sponsor
• Sen. Mattingly, Mack [R-GA] · R · Sponsor
• Sen. Garn, E. J. (Jake) [R-UT] · R · Cosponsor
• Sen. Helms, Jesse [R-NC] · R · Cosponsor
• Sen. Armstrong, William L. [R-CO] · R · Cosponsor
• Sen. Nickles, Don [R-OK] · R · Cosponsor
• Sen. Abdnor, James [R-SD] · R · Cosponsor
• · ssju00 · Standing

Related records

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