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 time of war or national emergency.

Constitutional Amendment - States that, except in time of war or national emergency, the Congress shall make no appropriation for any fiscal year if the resulting total of appropriations for such fiscal year would exceed the total revenues of the United States for such fiscal year, nor shall there be expended by or on behalf of the United States during any fiscal year an aggregate amount which exceeds the total revenue of the United States for that fiscal year.