US HJR114 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on July 27 2017 - 25% progression, died in committee
Action: 2017-08-17 - Referred to the Subcommittee on the Constitution and Civil Justice.
Pending: House Subcommittee on the Constitution And Civil Justice Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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. 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 revenue received for that fiscal year, excluding revenue from the issuance of bonds, notes, or other obligations of the United States. The amendment also: (1) 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, and (2) requires the President to submit to Congress an annual budget in which total outlays do not exceed total revenues received. The spending restrictions do not apply during a fiscal year in which a declaration of war is in effect, or if three-fifths of the Senate and two-thirds of the House of Representatives vote to suspend the restrictions.

Tracking Information

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Title

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.

Sponsors


History

DateChamberAction
2017-08-17HouseReferred to the Subcommittee on the Constitution and Civil Justice.
2017-07-27HouseReferred to the House Committee on the Judiciary.
2017-07-27HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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