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Bill95th CongressFiled Feb 24, 1977Economics and Public Finance
S.J.Res. 26

A joint resolution to require the Federal Government to end deficit financing.

Bill journey · stage 2 of 5

Under committee review

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Law

What it doesSummary introduced in senate (Feb 24, 1977)

Constitutional Amendment - Requires the President to review Government revenues and expenditures at specified times and to determine a surtax rate when expenditures exceed revenues to insure that receipts will equal outlays.

Authorizes a suspension of such measures in the case of a grave national emergency declared by Congress.

What just happenedFeb 24, 1977

Referred to Senate Committee on the Judiciary.

Who’s behind it

Sen. Baker, Howard H., Jr. [R-TN](R-TN)Sponsor
24 cosponsors8 D16 R
Read on Congress.gov
24cosponsors1committees2actions1related bills
  1. Feb 24, 1977IntroReferral

    Referred to Senate Committee on the Judiciary.

    Judiciary Committee
  2. Feb 24, 1977IntroReferral10000

    Introduced in Senate