US Congress House Joint Resolution 73 (Prior Session Legislation)

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Spectrum: Strong Partisan Bill (Republican 40-4)
Status: Introduced on July 21 2011 - 25% progression, died in committee
Action: 2011-08-25 - Referred to the Subcommittee on the Constitution.
Pending: House Subcommittee on the Constitution Committee
Text: Latest bill text (Introduced) [PDF]

Constitutional Amendment - Prohibits total outlays (except those for payment of debt) for a year from exceeding the average annual revenue (except that derived from borrowing) collected in the three prior years, adjusted in proportion to changes in population and inflation. Requires a three-fourths roll call vote of each chamber to declare an emergency and provide by law for specific outlays in excess of such limit. Requires the declaration to specify reasons for the emergency designation and to limit the period in which outlays may exceed such limit to no longer than one year. Requires all revenue in excess of outlays: (1) to reduce the federal debt; and (2) upon the retirement of such debt, to be held by the Treasury to be used for the specific outlays in excess of such limit. Prescribes a formula for reducing outlays over ten years.

Proposing a spending limit amendment to the Constitution of the United States.

Rep. Justin Amash [R-MI]	Rep. Dan Benishek [R-MI]	Rep. Rob Bishop [R-UT]	Rep. Larry Bucshon [R-IN]
Rep. Dan Burton [R-IN]	Rep. John Campbell [R-CA]	Rep. John Culberson [R-TX]	Rep. Jeff Duncan [R-SC]
Sen. Jeff Flake [R-AZ]	Rep. Trent Franks [R-AZ]	Sen. Cory Gardner [R-CO]	Rep. Christopher Gibson [R-NY]
Rep. Phil Gingrey [R-GA]	Rep. Paul Gosar [R-AZ]	Rep. Trey Gowdy [R-SC]	Rep. Tom Graves [R-GA]
Rep. Wally Herger [R-CA]	Rep. Tim Huelskamp [R-KS]	Rep. Randy Hultgren [R-IL]	Rep. Jack Kingston [R-GA]
Rep. Raul Labrador [R-ID]	Rep. Daniel Lipinski [D-IL]	Rep. Mick Mulvaney [R-SC]	Rep. Richard Nugent [R-FL]
Rep. Alan Nunnelee [R-MS]	Rep. Mike Pence [R-IN]	Rep. Joseph Pitts [R-PA]	Rep. Jared Polis [D-CO]
Rep. Mike Pompeo [R-KS]	Rep. Benjamin Quayle [R-AZ]	Rep. Mike Quigley [D-IL]	Rep. Reid Ribble [R-WI]
Rep. Todd Rokita [R-IN]	Sen. Tim Scott [R-SC]	Rep. Pete Sessions [R-TX]	Rep. Heath Shuler [D-NC]
Rep. Steve Southerland [R-FL]	Rep. Marlin Stutzman [R-IN]	Rep. Scott Tipton [R-CO]	Rep. Tim Walberg [R-MI]
Rep. Joe Walsh [R-IL]	Rep. Rob Woodall [R-GA]	Rep. Kevin Yoder [R-KS]	Sen. Todd Young [R-IN]

Date	Chamber	Action
2011-08-25	House	Referred to the Subcommittee on the Constitution.
2011-07-21	House	Referred to the House Committee on the Judiciary.

HJR81 (Related) 2011-10-24 - Referred to the Subcommittee on the Constitution.
HJR102 (Related) 2012-02-16 - Referred to the Subcommittee on the Constitution.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-joint-resolution/73/all-info
Text	https://www.congress.gov/112/bills/hjres73/BILLS-112hjres73ih.pdf