A joint resolution to amend the Constitution of the United States to provide that Federal Budget Outlays made by the United States after September 30, 1982 shall not exceed 20 per centum of the Gross National Product for the previous fiscal year, except in time of war or economic necessity declared by the Congress.
Constitutional Amendment - Discipline in Federal Spending Amendment - Directs the Congress to assure that total Federal outlays during any fiscal year do not exceed 20 percent of the gross national product for such year. Authorizes suspension of such limitation in time of war or national emergency upon the concurrence of three-fourths of the Members of both Houses of Congress.
Introduced in House
Introduced in House
Referred to House Committee on the Judiciary.
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