A joint resolution proposing an amendment to the Constitution relating to Federal budget procedures.
This bill died when its Congress ended.
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Constitutional Amendment - Requires, before each fiscal year: (1) the President to submit to the Congress a proposed statement of revenues and appropriations for the upcoming fiscal year and measures necessary to assure that appropriations will not exceed revenues; and (2) the Congress to approve such a statement and adopt measures to assure that appropriations do not exceed revenues for that year. Prohibits any bill which causes appropriations to exceed revenues for a fiscal year from becoming law unless passed by two-thirds of the Senate and the House of Representatives. Authorizes the Congress to waive this Article in a national emergency.
Filed in the Senate
This senate joint resolution has been filed and is working its way through Congress. It will need to pass both the Senate and the House, then be signed by the President to become law.
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