A joint resolution proposing an amendment to the Constitution of the United States to provide that expenditures for a fiscal year shall exceed neither revenues for such fiscal year nor 19 per centum of the Nation's gross domestic product for the last calendar year ending before the beginning of such fiscal year.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jan 21, 1997)
Constitutional Amendment - Prohibits, in any fiscal year, total Federal outlays from exceeding: (1) total receipts; and (2) 19 percent of the Nation's gross national product for the last calendar year ending before the beginning of such fiscal year. Allows such prohibitions to be suspended by a three-fifths roll call vote of each House of Congress.
Requires this amendment to apply to the second fiscal year beginning after its ratification, but not to fiscal years before FY 2002.
What just happenedMar 19, 1997
Referred to Subcommittee on Constitution, Federalism, Property.
Who’s behind it
- Mar 19, 1997Committee
Referred to Subcommittee on Constitution, Federalism, Property.
Constitution, Civil Rights and Property Rights Subcommittee - Jan 21, 1997IntroReferral
Read twice and referred to the Committee on Judiciary.
Judiciary Committee - Jan 21, 1997IntroReferralB00100
Sponsor introductory remarks on measure. (CR S561-562)
- Jan 21, 1997IntroReferral10000
Introduced in Senate