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

[AI summary unavailable — showing source text] Constitutional Amendment - Prohibits total outlays of the U.S. Government in any fiscal year from exceeding 19 percent of the gross domestic product in the last calendar year ending before the fiscal year for which this limitation is being calculated. Requires the President, before each fiscal year, to transmit to Congress a proposed statement of outlays for such fiscal year consistent with this Act. Authorizes the Congress, following a presidential declaration of emergency, and with a two-thirds vote of both Houses, to authorize a specified amount of emergency outlays in excess of the limit. Prohibits, for each of the first four fiscal years after ratification of this amendment, total grants to States and local governments from being a smaller fraction of total outlays than the average of the three fiscal years before ratification. Authorizes a Member of Congress or the President (but no other persons) to enforce this amendment in an action brought in the U.S. District Court for the District of Columbia.…