H.J.Res. 1116 (95th): A resolution proposing an amendment to the Constitution of the United States to provide that the level of total expenditures of the United States for any fiscal year shall not exceed the level of total revenues of the United States for such fiscal year and for the disposition of subsequent deficits, and that the gross federal debt be reduced by open-market operations.

Introduced:
Aug 10, 1978 (95th Congress, 1977–1978)
Status:
Died (Referred to Committee)
Sponsor
Richard White
Representative for Texas's 16th congressional district
Party
Democrat
Related Bills
H.J.Res. 1172 (identical)

Referred to Committee
Last Action: Oct 13, 1978

H.J.Res. 1170 (identical)

Referred to Committee
Last Action: Oct 13, 1978

 
Status

This resolution was introduced on August 10, 1978, in a previous session of Congress, but was not enacted.

Progress
Introduced Aug 10, 1978
Referred to Committee Aug 10, 1978
 
Summary

No summaries available.

Cosponsors
none
Committees

House Judiciary

The committee chair determines whether a resolution will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.J.Res. stands for House joint resolution.

A joint resolution is often used in the same manner as a bill. If passed by both the House and Senate in identical form and signed by the president, it becomes a law. Joint resolutions are also used to propose amendments to the Constitution.

The resolution’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


8/10/1978--Introduced.
Constitutional Amendment - Provides that total expenditures shall not exceed total revenues for any fiscal year.
Authorizes the suspension of such prohibition in time of war or by a vote of two-thirds of the members of the Senate and the House. Directs the amount of any annual deficit be considered an expenditure of the United States in the following fiscal year.
Permits the Congress to apportion any annual deficit over the four following fiscal years, or to include such deficit in the gross Federal debt.
Directs the Board of Governors of the Federal Reserve System to reduce the public debt of the United States through open-market operations.

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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