S.J.Res. 6
A joint resolution proposing an amendment to the Constitution of the United States which requires (except during time of war and subject to suspension by Congress) that the total amount of money expended by the United States during any fiscal year not exceed the amount of certain revenue received by the United States during such fiscal year and not exceed 20 percent of the gross domestic product of the United States during the previous calendar year.
Read twice and referred to the Committee on the Judiciary.
Sponsor
Sen. Shelby, Richard C. [R-AL]
Bill Details
- Update Date
- Mar 3, 2022
- Origin Chamber
- Senate
- Bill Type
- SJRES
- Joint Resolution Number
- 6
- Congress
- 113
- Introduced Date
- Jan 29, 2013
- Policy Area
- Economics and Public Finance
- Is Law
- No
Read twice and referred to the Committee on the Judiciary.
Source: Senate
Introduced in Senate
Source: Library of Congress
Constitutional Amendment - Prohibits, except in time of a congressionally declared war, federal fiscal year expenditures from exceeding: (1) federal revenues for that fiscal year, excluding revenue received from the issuance of bonds, notes, or other obligations of the United States; and (2) 20% of the gross domestic product (GDP) for the preceding calendar year. Authorizes suspension of these prohibitions by concurrent resolution approved by a three-fifths vote of each chamber.
Judiciary Committee
Introduced in Senate
Jan 29, 2013