H.J.Res.79 - Proposing an amendment to the Constitution of the United States to control spending.111th Congress (2009-2010)
Summary: H.J.Res.79 — 111th Congress (2009-2010)
Introduced in House (03/03/2010)
Constitutional Amendment - Prohibits annual federal outlays for a fiscal year (except those for repayment of debt principal) from exceeding one-fifth of economic output of the United States of America, unless two-thirds of each chamber provides for a specific increase of outlays above this amount.
Authorizes waiver of this article when a declaration of war is in effect.