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- H.J.RES.31
H.J.RES.31: To amend the Constitution of the United States to provide for balanced budgets and elimination of the Federal indebtedness.
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about law
- Introduced Jan. 4, 1995
- Latest Major Action Jan. 24, 1995
Bill Sponsor
Bill Summary
Constitutional Amendment - Prohibits, beginning in FY 1999, the Government from: (1) borrowing money or any other thing of value except for the purpose of rolling over its existing debt balance; and (2) issuing additional currency except as it reflects additional U.S. productivity. Requires, beginning in FY 2000 and for the next 39 succeeding fiscal years, the national debt to be retired by an amount equal to two and one-half percent of the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Referred to the House Committee on the Judiciary.
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For Further Action See H.J.Res.1.
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| Jan. 4, 1995 |
Introduced in the House by Andrew Jacobs Jr. (D-Ind.) |