US SJR20 | 2009-2010 | 111th Congress

US Congress Senate Joint Resolution 20 (Prior Session Legislation)

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on October 1 2009 - 25% progression, died in chamber
Action: 2009-10-01 - Read twice and referred to the Committee on the Judiciary.
Text: Latest bill text (Introduced) [PDF]

Summary

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 national product for the preceding calendar year. Authorizes suspension of these prohibitions by concurrent resolution approved by a three-fifths vote of each chamber.

Title

A joint resolution 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 per cent of the gross national product of the United States during the previous calendar year.

History

Date	Chamber	Action
2009-10-01		Read twice and referred to the Committee on the Judiciary.

Subjects

Budget deficits and national debt
Constitution and constitutional amendments
Economics and public finance

US Congress State Sources

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-joint-resolution/20/all-info
Text	https://www.congress.gov/111/bills/sjres20/BILLS-111sjres20is.pdf