Constitutional Amendment - Prohibits Federal outlays from exceeding Federal receipts in any fiscal year, unless the Congress provides for a specific excess by a three-fifths vote of both Houses. Prohibits a bill to increase revenue from becoming law unless approved by a majority of the whole number of both Houses of Congress by roll call vote. Authorizes the Congress to waive this article for any year in which a declaration of war is in effect.
Subcommittee on Constitution. Approved for full committee consideration S.J. Res. 11 in lieu of this measure.
Introduced in Senate
Read twice and referred to the Committee on Judiciary.
Referred to Subcommittee on Constitution.
Subcommittee on Constitution. Hearings held.
Subcommittee on Constitution. Approved for full committee consideration with an amendment in the nature of a substitute favorably.
Committee on Judiciary. Committee consideration and Mark Up Session held.
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