Bill107th CongressFiled Jan 31, 2001Economics and Public Finance
S.J.Res. 3
A joint resolution proposing an amendment to the Constitution of the United States which requires (except during time of war and subject to suspension by the 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 per centum of the gross national product of the United States during the previous calendar year.
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What it doesSummary introduced in senate (Jan 31, 2001)
Constitutional Amendment - Prohibits, except in time of war, Federal fiscal year expenditures from exceeding: (1) Federal revenues for that fiscal year, except revenue received from the issuance of bonds, notes, or other obligations of the United States; and (2) 20 percent of the gross national product for the preceding calendar year. Authorizes suspension of these prohibitions by concurrent resolution approved by a three-fifths vote of each House of Congress.
What just happenedJul 15, 2002
Committee on the Judiciary referred to Subcommittee on Constitution.
Who’s behind it
Sen. Shelby, Richard C. [R-AL](R-AL)Sponsor
1committees4actions11subjects
- Jul 15, 2002Committee
Committee on the Judiciary referred to Subcommittee on Constitution.
Constitution, Civil Rights and Property Rights Subcommittee - Jan 31, 2001IntroReferral
Read twice and referred to the Committee on the Judiciary.
Judiciary Committee - Jan 31, 2001IntroReferralB00100
Sponsor introductory remarks on measure. (CR S927-928)
- Jan 31, 2001IntroReferral10000
Introduced in Senate