S.J.Res. 1 — A joint resolution to require the Federal Government to end deficit financing.

Summary

Constitutional Amendment - Requires the President to review Government revenues and expenditures at specified times and to determine a surtax rate when expenditures exceed revenues to insure that receipts will equal outlays.

Authorizes the suspension of such measures in the case of a grave national emergency declared by Congress.

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Related Legislation

H.J.Res. 66A joint resolution proposing an amendment to the Constitution to require that congressional resolutions setting forth levels of total budget outlays and Federal revenues must be agreed to by two-thirds vote of both Houses of the Congress if the level of outlays exceeds the level of revenues.
1982-08-18See H.J.Res.350.
Related
H.J.Res. 89A joint resolution proposing an amendment to the Constitution to require that congressional resolutions setting forth levels of total budget outlays and Federal revenues must be agreed to by two-thirds vote of both Houses of the Congress if the level of outlays exceeds the level of revenues.
1981-03-18For Further Action See H.J.Res.66.
Related
S.J.Res. 7A joint resolution proposing an amendment to the Constitution to require that Congressional resolutions setting forth levels of total budget outlays and Federal revenues must be agreed to by two-thirds vote of both Houses of Congress if the level of outlays exceeds the level of revenues.
1981-02-05Referred to Subcommittee on Constitution.
Related

Legislative Actions

1981-01-05
Introduced in Senate
1981-01-05
Read second time and referred to Senate Committee on Judiciary.
1981-02-05
Referred to Subcommittee on Constitution.

A joint resolution to require the Federal Government to end deficit financing.

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