A joint resolution proposing an amendment to the Constitution of the United States to provide that appropriations made by the United States shall not exceed its revenues, except in time of war or national emergency.

Constitutional Amendment - States that Congress shall make no appropriations for any fiscal year which exceed the total revenues of the United States for such year. Prohibits spending by, or on behalf of, the United States which exceeds the total revenue for that year. Suspends such requirements when Congress declares war or national emergency.