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- H.J.RES.116
H.J.RES.116: 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 c
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about economics and public finance
- Introduced July 25, 2012
- Latest Major Action Aug. 1, 2012
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Constitutional Amendment - Prohibits, except in time of a congressionally declared war, federal fiscal year expenditures from exceeding: (1) federal revenues for that fiscal year, except revenue received from the issuance of bonds, notes, or other obligations of the United States; and (2) 20% of the gross domestic product for the preceding calendar year. Authorizes suspension of these prohibitions by concurrent resolution approved by a...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on the Judiciary.
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Referred to the Subcommittee on the Constitution.
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July 25, 2012 |
Introduced in the House by Martha Roby (R-Ala.) |