A joint resolution to amend the Constitution of the United States to provide that Federal Expenditures and Federal Budget Outlays shall not exceed Federal Revenues, except in time of war or economic necessity declared by the Congress.
Constitutional Amendment - Discipline in Federal Spending Amendment - Directs Congress to assure that total Federal outlays do not exceed total revenues during any fiscal year. Suspends such prohibition for one fiscal year in time of war or national emergency if approved by a concurrent resolution passed by a three-fourths vote of both Houses of Congress.
Introduced in House
Introduced in House
Referred to House Committee on the Judiciary.
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