A joint resolution proposing an amendment to the Constitution prohibiting total outlays of the Government from exceeding total receipts of the Government, and requiring reductions in taxes and outlays.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (May 6, 1982)
Constitutional Amendment - Requires Congress to assure that the total outlays of the Government during any fiscal year do not exceed the total receipts of the Government during such fiscal year.
Requires Congress, by the close of each fiscal year, to take such actions as may be necessary to reduce from those ratios which existed for the prior fiscal year: (1) the ratio which total taxes collected bear to the gross national product; and (2) the ratio which outlays bear to the gross national product.
What just happenedMay 11, 1982
Referred to Subcommittee on Constitution.
Who’s behind it
- May 11, 1982Committee
Referred to Subcommittee on Constitution.
Constitution, Civil Rights and Property Rights Subcommittee - May 6, 1982IntroReferral
Read twice and referred to the Committee on Judiciary.
Judiciary Committee - May 6, 1982IntroReferral10000
Introduced in Senate