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HR 144 94th Congress House

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…

Official title: 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 … Show full official titleShow less

Official title: 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: January 14, 1975 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
Economics and Public Finance Federal budgetsFiscal policyPublic debt
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This bill died when the 94th Congress ended
It never became law before the 94th Congress (1975–1976) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 14, 1975
Referred to House Committee on Ways and Means.
Jan 14, 1975
Introduced in House
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 Latest action January 14, 1975

Referred to House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 144: 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.. 94th Congress. Open America. https://openamerica.io/bill/94-HR-144/
MLA
"H.R. 144: 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.." 94th Congress, 2026, Open America, https://openamerica.io/bill/94-HR-144/.
Bluebook (legal)
H.R. 144, 94th Cong. (2026), https://openamerica.io/bill/94-HR-144/.
Markdown link
[H.R. 144: 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.](https://openamerica.io/bill/94-HR-144/)
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