Amendment102nd Congress
An amendment in the nature of a substitute which retains the prohibitions in the original text against the expenditure of any funds in excess of projected revenues without the concurrence of both Houses by a three-fifths vote, and adds an additional requirement that projected revenue estimates not exceed the rate of increase in national income of the second prior fiscal year, unless Congress, by a three-fifths vote, enacts specific offsetting tax increases.
- Amendment Number
- 603
- Description
- An amendment in the nature of a substitute which retains the prohibitions in the original text against the expenditure of any funds in excess of projected revenues without the concurrence of both Houses by a three-fifths vote, and adds an additional requirement that projected revenue estimates not exceed the rate of increase in national income of the second prior fiscal year, unless Congress, by a three-fifths vote, enacts specific offsetting tax increases.
- Purpose
- Amendment in the nature of a substitute sought to: require Congress each year to adopt a statement in which outlays do not exceed receipts; place a permanent ceiling on the amount of Federal public debt; place a limit on the annual growth of Federal receipts; and waive the above provisions after a declaration of war or by a three-fifths roll call vote of both Houses.
- Congress
- 102
- Type
- HAMDT
- Latest Action Date
- Jun 11, 1992
- Latest Action Text
- On agreeing to the Barton amendment (A002) Failed by recorded vote: 200 - 227 (Roll no. 184).
- Latest Action Time
- 13:56:11
- Submitted Date
- Jun 11, 1992
- Chamber
- House of Representatives
- Update Date
- Jun 7, 2021