Constitutional Amendment - Limits any increase in the Federal spending from the previous fiscal year to the average annual percentage increase in the gross national product for the preceding three years. Permits the suspension of such limitation for two years in time of war or national emergency upon the passage of a concurrent resolution by a three-fourths vote of both Houses of Congress.
Considered by House Failed to Receive Two-thirds Vote Necessary for Constitutional Amendment.
Introduced in House
Introduced in House
Referred to House Committee on The Judiciary.
Referred to Subcommittee on Monopolies and Commercial Law.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
See H.J.Res.350.
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