H.J.RES.5: Proposing an amendment to the Constitution of the United States to control spending.

About This Bill

Bill Summary

Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding one-fifth of economic output of the United States, unless two-thirds of each chamber provide for a specific increase of outlays above this amount. Authorizes waivers of these provisions when a declaration of war is in effect.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on the Constitution.
Jan. 5, 2011

Introduced in the House by Jeb Hensarling (R-Texas)

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