Amendment in the nature of a substitute sought to limit Federal outlays in a year to 19 percent of the Gross National Product for that year, unless three-fifths of the membership of the House and the Senate voted to waive such restriction; and would have also provided for a Presidential line-item veto.

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Amendment Number
468
Description
Amendment in the nature of a substitute sought to limit Federal outlays in a year to 19 percent of the Gross National Product for that year, unless three-fifths of the membership of the House and the Senate voted to waive such restriction; and would have also provided for a Presidential line-item veto.
Purpose
An amendment in the nature of a substitute that is similar to the original text, but would differ in the following respects: The amendment would limit federal outlays to 19% of the GNP for that year, unless 3/5 of the membership of the House and the Senate voted to waive the restriction. The amendment would also grant the President line-item veto authority. A 2/3 majority would be required to override the line-item veto.
Congress
103
Type
HAMDT
Latest Action Date
Mar 16, 1994
Latest Action Text
On agreeing to the Kyl amendment (A001) Failed by recorded vote: 179 - 242 (Roll no. 60).
Latest Action Time
19:50:35
Submitted Date
Mar 16, 1994
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 468 — Informed