Bill Sponsor
Senate Joint Resolution 3
115th Congress(2017-2018)
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 percent of the gross domestic product of the United States during the previous calendar year.
Introduced
Introduced
Introduced in Senate on Jan 4, 2017
Overview
Text
Introduced
Jan 4, 2017
Latest Action
Jan 4, 2017
Origin Chamber
Senate
Type
Joint Resolution
Joint Resolution
A form of legislative measure used to propose changes in law, or to propose an amendment to the U.S. Constitution. Depending on the chamber of origin, they begin with a designation of either H.J.Res. or S.J.Res. Concurrent resolutions and simple resolutions are other types of resolutions. Bill is another form of legislative measure used to propose law.
Bill Number
3
Congress
115
Policy Area
Economics and Public Finance
Economics and Public Finance
Primary focus of measure is budgetary matters such as appropriations, public debt, the budget process, government lending, government accounts and trust funds; monetary policy and inflation; economic development, performance, and economic theory.
Sponsorship by Party
Republican
Alabama
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Constitutional Amendment

This joint resolution proposes a constitutional amendment prohibiting the total amount of money expended by the United States during a fiscal year from exceeding total revenues received for that fiscal year, excluding revenue from the issuance of bonds, notes, or other obligations of the United States.

The amendment prohibits the total amount of money expended by the United States in any fiscal year from exceeding 20% of the gross domestic product of the United States.

The restrictions do not apply during a fiscal year in which a declaration of war is in effect, or if three-fifths of each chamber of Congress votes to suspend the restrictions.

Text (1)
January 4, 2017
Actions (2)
01/04/2017
Read twice and referred to the Committee on the Judiciary.
01/04/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:35:16 PM