Proposing an amendment to the Constitution of the United States limiting pay for Members of Congress and requiring legislation to reduce the national debt.

That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification: No Member of Congress may receive compensation in any fiscal year if, during the immediately preceding fiscal year, total outlays exceeded total receipts. 2. No bill shall become law unless such bill reduces the total national debt. 3. Sections 1 and 2 shall not apply if the total national debt is equal to zero or there is a surplus. 4. The Congress shall enforce and implement this article by appropriate legislation, which may rely on estimates of outlays and receipts. 5. This article shall take effect beginning with the fifth fiscal year beginning after its ratification. .