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.
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.
See H.J.Res.103.
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