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HR 144 95th Congress House Economics and Public Finance Appropriations Federal budgets Federal receipts and expenditures Public debt

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…

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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 4, 1977 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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This bill died when the 95th Congress ended
It never became law before the 95th Congress (1977–1978) 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 4, 1977
Referred to House Committee on Ways and Means.
Jan 4, 1977
Introduced in House
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 Plain-English summary Congressional Research Service

Requires that expenditures by the Federal Government shall not exceed its revenues except in time of war or national emergency declared by Congress.

Establishes a schedule for systematic reduction of the public debt.

What's happening now January 4, 1977

Referred to House Committee on Ways and Means.

 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.. 95th Congress. Open America. https://openamerica.io/bill/95-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.." 95th Congress, 2026, Open America, https://openamerica.io/bill/95-HR-144/.
Bluebook (legal)
H.R. 144, 95th Cong. (2026), https://openamerica.io/bill/95-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/95-HR-144/)
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