H.J.Res.5 - Proposing an amendment to the Constitution of the United States to control spending.112th Congress (2011-2012)
Joint ResolutionHide Overview icon-hide
|Sponsor:||Rep. Hensarling, Jeb [R-TX-5] (Introduced 01/05/2011)|
|Committees:||House - Judiciary|
|Latest Action:||01/24/2011 Referred to the Subcommittee on the Constitution. (All Actions)|
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Summary: H.J.Res.5 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (01/05/2011)
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.