Constitutional Amendment - Prohibits, in any fiscal year, total Federal outlays from exceeding total receipts and Federal outlays from exceeding 19 percent of the Nation's gross national product. Allows such prohibitions to be suspended by a three-fifths roll call vote of each House of Congress.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S413-414)
Read twice and referred to the Committee on Judiciary.
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