There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Constitutional Amendment - Provides that the aggregate amount of expenditures made by the Government during any fiscal year shall not exceed the net amount of revenue received by the Government during that fiscal year.
States that the above provision shall not apply to any fiscal year if at any time during that fiscal year the United States is in a state of war declared by the Congress; or if, with respect to that fiscal year, the Senate and the House of Representatives agree to a concurrent resolution stating that a national economic emergency requires the suspension of the application of the above provision.
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Constitutional Amendment - Provides that the aggregate amount of expenditures made by the Government during any fiscal year shall not exceed the net amount of revenue received by the Government during that fiscal year.
States that the above provision shall not apply to any fiscal year if at any time during that fiscal year the United States is in a state of war declared by the Congress; or if, with respect to that fiscal year, the Senate and the House of Representatives agree to a concurrent resolution stating that a national economic emergency requires the suspension of the application of the above provision.
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Constitutional Amendment - Provides that the aggregate amount of expenditures made by the Government during any fiscal year shall not exceed the net amount of revenue received by the Government during that fiscal year.
States that the above provision shall not apply to any fiscal year if at any time during that fiscal year the United States is in a state of war declared by the Congress; or if, with respect to that fiscal year, the Senate and the House of Representatives agree to a concurrent resolution stating that a national economic emergency requires the suspension of the application of the above provision.
There is one summary for this bill. Bill summaries are authored by CRS.
Shown Here:Constitutional Amendment - Provides that the aggregate amount of expenditures made by the Government during any fiscal year shall not exceed the net amount of revenue received by the Government during that fiscal year.
States that the above provision shall not apply to any fiscal year if at any time during that fiscal year the United States is in a state of war declared by the Congress; or if, with respect to that fiscal year, the Senate and the House of Representatives agree to a concurrent resolution stating that a national economic emergency requires the suspension of the application of the above provision.