Summary: H.J.Res.8 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for H.J.Res.8. Bill summaries are authored by CRS.

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Introduced in House (01/31/2001)

Constitutional Amendment - Prohibits Federal expenditures (except those for repayment of debt principal) from exceeding revenues (except those derived from borrowing) for any fiscal year unless three-fifths of the whole number of each House of Congress provides for a specific excess of expenditures over revenues by a rollcall vote.

Authorizes Congress to waive such prohibition when a declaration of war is in effect or under other specified circumstances involving military conflict.