A joint resolution proposing an amendment to the Constitution of the United States to allow the President to veto items of appropriation.

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.