Joint resolution 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 national emergency.

Constitutional Amendment - Provides that the total of all Federal appropriations made by the Congress for any fiscal year, except in the case of a national emergency, may not exceed the total of the estimated Federal revenues for that fiscal year excluding any revenues derived from borrowing. Extends this prohibition to all Federal appropriations and all estimated Federal revenues excluding any revenues derived from borrowing.