Legis Daily

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.

USA115th CongressSJRES-3| Senate 
| Updated: 1/4/2017
Richard C. Shelby

Richard C. Shelby

Republican Senator

Alabama

Judiciary Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Constitutional Amendment This joint resolution proposes a constitutional amendment prohibiting the total amount of money expended by the United States during a fiscal year from exceeding total revenues received for that fiscal year, excluding revenue from the issuance of bonds, notes, or other obligations of the United States. The amendment prohibits the total amount of money expended by the United States in any fiscal year from exceeding 20% of the gross domestic product of the United States. The restrictions do not apply during a fiscal year in which a declaration of war is in effect, or if three-fifths of each chamber of Congress votes to suspend the restrictions.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 4, 2017
Introduced in Senate
Jan 4, 2017
Read twice and referred to the Committee on the Judiciary.
Aug 17, 2017

Latest Companion Bill Action

HJRES 115-114
Referred to the Subcommittee on the Constitution and Civil Justice.
  • January 4, 2017
    Introduced in Senate


  • January 4, 2017
    Read twice and referred to the Committee on the Judiciary.


  • August 17, 2017

    Latest Companion Bill Action

    HJRES 115-114
    Referred to the Subcommittee on the Constitution and Civil Justice.

Economics and Public Finance

Budget deficits and national debtConstitution and constitutional amendments

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.

USA115th CongressSJRES-3| Senate 
| Updated: 1/4/2017
Constitutional Amendment This joint resolution proposes a constitutional amendment prohibiting the total amount of money expended by the United States during a fiscal year from exceeding total revenues received for that fiscal year, excluding revenue from the issuance of bonds, notes, or other obligations of the United States. The amendment prohibits the total amount of money expended by the United States in any fiscal year from exceeding 20% of the gross domestic product of the United States. The restrictions do not apply during a fiscal year in which a declaration of war is in effect, or if three-fifths of each chamber of Congress votes to suspend the restrictions.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 4, 2017
Introduced in Senate
Jan 4, 2017
Read twice and referred to the Committee on the Judiciary.
Aug 17, 2017

Latest Companion Bill Action

HJRES 115-114
Referred to the Subcommittee on the Constitution and Civil Justice.
  • January 4, 2017
    Introduced in Senate


  • January 4, 2017
    Read twice and referred to the Committee on the Judiciary.


  • August 17, 2017

    Latest Companion Bill Action

    HJRES 115-114
    Referred to the Subcommittee on the Constitution and Civil Justice.
Richard C. Shelby

Richard C. Shelby

Republican Senator

Alabama

Judiciary Committee

Economics and Public Finance

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Budget deficits and national debtConstitution and constitutional amendments