Constitutional Amendment - Prohibits in any fiscal year total Federal outlays from exceeding total receipts, unless a three-fifths vote of both Houses authorizes a specific excess.
Directs the President to submit a balanced budget to the Congress.
Waives these provisions when a declaration of war is in effect.
Introduced in House
Introduced in House
Referred to the House Committee on Judiciary.
Referred to the Subcommittee on Economic and Commercial Law.
See H.J.Res.103.
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