HR 15565 · 93th Congress · Economics and Public Finance

A bill to provide that Federal expenditures shall not exceed Federal revenues, except in time of war or grave national emergency declared by the Congress, and to provide for systematic reduction of the public debt.

Introduced 1974-06-21· Sponsored by Rep. Johnson, Albert W. [R-PA-23]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1974-06-21)

Plain Language Summary

[AI summary unavailable — showing source text] Provides that Federal expenditures shall not exceed Federal revenues, except in time of war or grave national emergency declared by the Congress. Provides for the systematic reduction of the public debt.…

Summarized by Claude AI · Non-partisan · For informational purposes only