A joint resolution proposing an amendment to the Constitution to protect the people of the United States against excessive governmental burdens and unsound fiscal and monetary policies by limiting total outlays of the Government.

Summary

Constitutional Amendment - Limits the increase of total budget outlays of the United States Government during any fiscal year to a percentage equal to the percentage increase in the gross national product during the previous calendar year. Stipulates that if the inflation rate exceeds three percent annually the increase in total outlays shall be reduced by one-fourth the difference between the inflation rate and three percent. Requires any surplus in total revenues received by the Government to be used to reduce the public debt. Allows the limit on total outlays to be changed by a three-quarters vote of both Houses of Congress, or to meet an emergency declared by the President. Continues Federal aid programs to States and local governments for a period of six years. Prohibits Congress from authorizing any United States agency to require that a State or local government engage in additional or expanded activities without compensation equal to the additional costs.

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

Timeline

1. 5 April 1979

   Introduced

   Referred to Senate Committee on the Judiciary.

   Source: IntroReferral

2. 5 April 1979

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 5 April 1979

  Open at official source

Sponsors

• Sen. Heinz, John [R-PA] · R · Sponsor
• Sen. Stone, Richard (Dick) [D-FL] · D · Cosponsor
• Sen. Goldwater, Barry [R-AZ] · R · Cosponsor
• Sen. Durenberger, Dave [R-MN] · R · Cosponsor
• · ssju00 · Standing

Related records

• related to → A bill proposing an amendment to the Constitution to protect the people of the United States against excessive governmental burdens and unsound fiscal and monetary policies by limiting total outlays of the Government.