A joint resolution proposing an amendment to the Constitution allowing the President to veto or reduce individual items in appropriations bills.

Constitutional Amendment - Permits the President to reduce or veto any item of appropriation in any Act or joint resolution, except an item of appropriation for the legislative branch or the judicial branch. Requires the President to return with his objections any item of appropriation reduced or vetoed to the House in which the bill originated. Subjects such bills to the same proceeding as other bills disapproved by the President.