Constitutional Amendment - Requires, before each fiscal year: (1) the President to submit to the Congress a proposed statement of revenues and appropriations for the upcoming fiscal year and measures necessary to assure that appropriations will not exceed revenues; and (2) the Congress to approve such a statement and adopt measures to assure that appropriations do not exceed revenues for that year. Prohibits any bill which causes appropriations to exceed revenues for a fiscal year from becoming law unless passed by two-thirds of the Senate and the House of Representatives.
Authorizes the Congress to waive this Article in a national emergency.
Introduced in Senate
Read twice and referred to the Committee on Judiciary.
Referred to Subcommittee on Constitution.
Subcommittee on Constitution. Hearings held.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line