All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.
Every Bill which shall have passed the House of Representatives and the Senate, shall, before it become a Law, be presented to the President of the United States: If he approve he shall sign it, but if not he shall return it, with his Objections to that House in which it shall have originated, who shall enter the Objections at large on their Journal, and proceed to reconsider it. If after such Reconsideration two thirds of that House shall agree to pass the Bill, it shall be sent, together with the Objections, to the other House, by which it shall likewise be reconsidered, and if approved by two thirds of that House, it shall become a Law. But in all such Cases the Votes of both Houses shall be determined by yeas and Nays, and the Names of the Persons voting for and against the Bill shall be entered on the Journal of each House respectively. If any Bill shall not be returned by the President within ten Days (Sundays excepted) after it shall have been presented to him, the Same shall be a Law, in like Manner as if he had signed it, unless the Congress by their Adjournment prevent its Return, in which Case it shall not be a Law.
Every Order, Resolution, or Vote to which the Concurrence of the Senate and House of Representatives may be necessary (except on a question of Adjournment) shall be presented to the President of the United States; and before the Same shall take Effect, shall be approved by him, or being disapproved by him, shall be repassed by two thirds of the Senate and House of Representatives, according to the Rules and Limitations prescribed in the Case of a Bill.
I have to be careful commenting on this section that I do not enter upon a rant. There are many times that this section of the Constitution has been trampled upon by Congress and the President. This section was written carefully and specifically because finance affects all of the people.
The founders carefully crafted this portion of the Constitution to retain strict regulations over any bills affecting the finances of our nation. It was so important that the people be aware of what is going on with their money that they made it such that only the House of Representatives could initiate these bills (as they answered directly to the people under the voting system established by the Constitution. All votes also had to have a public vote so that each citizen to see what each of their Representatives voted on their behalf. The 2/3 rule remained in effect to ensure that the President could not cripple the bill if there was enough support for it.
Keep in mind that at the beginning of this nation and the drafting of this Constitution, there was no centralized fractional reserve bank (FED) and there was no International Monetary Fund. In fact, a strict reading of the Constitution forbids these things from having any control over our money. ONLY congress has the authority to control United States money! But I get ahead of myself. We will address that when we get there.
Make the founders proud, educate yourself, know your Representatives and their voting records. Make your voice heard and communicate with your neighbors.
May God turn our nation’s hearts back to Him and heal our land.