SJRES 26 · 95th Congress · Economics and Public Finance

A joint resolution to require the Federal Government to end deficit financing.

Introduced 1977-02-24· Sponsored by Sen. Baker, Howard H., Jr. [R-TN]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on the Judiciary.(1977-02-24)

Plain Language Summary

[AI summary unavailable — showing source text] Constitutional Amendment - Requires the President to review Government revenues and expenditures at specified times and to determine a surtax rate when expenditures exceed revenues to insure that receipts will equal outlays. Authorizes a suspension of such measures in the case of a grave national emergency declared by Congress.…

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

Cosponsors (20)

6 Democrats14 Republicans