Constitutional Amendment - Prohibits fiscal year Federal expenditures from exceeding revenues, except during any national emergency declared by a three-fifths vote of the Congress.
Prohibits total Government expenditures during a fiscal year from exceeding 20 percent of the gross national product for the preceding calendar year.
Motion to reconsider laid on the table Agreed to without objection.
Introduced in House
Introduced in House
Referred to the House Committee on Judiciary.
Referred to the Subcommittee on Economic and Commercial Law.
For Further Action See H.J.Res.268.
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