H.J.Res.61 - Proposing an amendment to the Constitution of the United States to provide that expenditures for a fiscal year shall neither exceed revenues for such fiscal year nor 19 per centum of the Nation's gross national product for the last calendar year ending before the beginning of such fiscal year.103rd Congress (1993-1994)
|Sponsor:||Rep. Kyl, Jon [R-AZ-4] (Introduced 01/06/1993)|
|Committees:||House - Judiciary|
|Latest Action:||03/17/1994 See H.J.Res.103. (All Actions)|
This bill has the status Introduced
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Summary: H.J.Res.61 — 103rd Congress (1993-1994)All Information (Except Text)
Introduced in House (01/06/1993)
Constitutional Amendment - Prohibits in any fiscal year total Federal outlays from exceeding total receipts and Federal outlays from exceeding 19 percent of the Nation's gross national product. Allows such prohibitions to be suspended by a three-fifths roll call vote of each House of Congress.
Grants the President the authority to separately approve, reduce, or disapprove any spending provision of a bill.