A 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 Congress shall make no appropriations for any fiscal year which exceed the total revenues of the United States for such year. Authorizes the Congress to suspend such requirement by concurrent resolution if the Congress declares war, or the President declares a national emergency. Makes such suspension effective only for the two year term of the Congress which passed such resolution.