An amendment in the nature of a substitute which is generally similar to H. J. Res. 290 except for two points: 1) total outlays for a fiscal year would not be permitted to exceed 19% of the GNP for that year unless a 3/5 vote of approval in both Houses of Congress for such a purpose is achieved; and 2) the President would be given line-item-veto authority.

Ask AI
Amendment Number
602
Description
An amendment in the nature of a substitute which is generally similar to H. J. Res. 290 except for two points: 1) total outlays for a fiscal year would not be permitted to exceed 19% of the GNP for that year unless a 3/5 vote of approval in both Houses of Congress for such a purpose is achieved; and 2) the President would be given line-item-veto authority.
Purpose
Amendment in the nature of a substitute sought to require a balanced Federal budget; limit Federal spending to 19 percent of gross national product (GNP); and provide the President with a line-item veto. It would have allowed the balanced budget and spending limitation requirements to be waived by a three-fifths vote of each House for a given year.
Congress
102
Type
HAMDT
Latest Action Date
Jun 11, 1992
Latest Action Text
On agreeing to the Kyl amendment (A001) Failed by recorded vote: 170 - 258 (Roll no. 183).
Latest Action Time
12:18:41
Submitted Date
Jun 11, 1992
Chamber
House of Representatives
Update Date
Jun 7, 2021
Amendment 602 — Informed