H.J.Res. 61 — Proposing an amendment to the Constitution of the United States to provide that appropriations made by the United States shall not exceed its revenues, except in time of war or threat of war as determined by the Congress; and to provide for the systematic paying back of the national debt.

Summary

Constitutional Amendment - Prohibits total fiscal year appropriations from exceeding estimated revenues. Authorizes the Congress to suspend this prohibition in time of war or national emergency.

Prohibits any increase in the national debt as it exists on the ratification date. Establishes a schedule for its repayment.

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Related Legislation

H.J.Res. 268Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation.
1990-07-17Motion to reconsider laid on the table Agreed to without objection.
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Legislative Actions

1989-01-03
Introduced in House
1989-01-03
Introduced in House
1989-01-03
Referred to the House Committee on Judiciary.
1989-03-27
Referred to the Subcommittee on Economic and Commercial Law.
1990-07-17
For Further Action See H.J.Res.268.

Proposing an amendment to the Constitution of the United States to provide that appropriations made by the United States shall not exceed its revenues, except in time of war or threat of war as determined by the Congress; and to provide for the systematic paying back of the national debt.

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