GovTrack’s Bill Summary
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H.J.Res. 116 (112th): Proposing an amendment to the Constitution of the United States which requires (except during time of war and subject to suspension by 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 percent of the gross domestic product of the United States during the previous calendar year.
- Introduced:
- Jul 25, 2012 (112th Congress, 2011–2013)
- Sponsor:
- Rep. Martha Roby [R-AL2]
- Status:
- Died (Referred to Committee)
- See Instead:
- This bill was re-introduced as H.J.Res. 17 on Jan 15, 2013. See H.J.Res. 17 for current action on this subject.
The resolution’s title was written by the resolution’s sponsor. H.J.Res. stands for House joint resolution.
- Summary
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No summaries available.
- Text
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Last updated Jul 25, 2012.
3 pages
- Primary Source
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View on THOMAS (The Library of Congress)
GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here.
- Citation
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Library of Congress Summary
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
7/25/2012--Introduced.
Constitutional Amendment - Prohibits, except in time of a congressionally declared 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% of the gross domestic product for the preceding calendar year.
Authorizes suspension of these prohibitions by concurrent resolution approved by a three-fifths vote of the Senate and a two-thirds vote of the House of Representatives. Requires the President, before each fiscal year, to transmit to Congress a proposed federal budget for that fiscal year in which total outlays do not exceed total revenues received by the United States.
House Republican Conference Summary
The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.
No summary available.
House Democratic Caucus Summary
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