H.J.RES.74: Proposing a balanced budget amendment to the Constitution of the United States.

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Bill Summary

Constitutional Amendment - Prohibits total outlays in any fiscal year from increasing by a percentage greater than the percentage increase in nominal gross domestic product in the last calendar year ending prior to the beginning of such fiscal year. Prohibits total outlays in any fiscal year from exceeding the ratio of the outlays in the fiscal year at the time of submission of this proposed amendment to the States to gross domestic product in...

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Referred to the House Committee on the Judiciary.
For Further Action See H.J.Res.1.
March 3, 1995

Introduced in the House by Nick Smith (R-Mich.)

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