Proposing a balanced budget amendment to the Constitution of the United States.
Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Jun 20, 2019
Constitutional Amendment
This joint resolution proposes a constitutional amendment prohibiting total expenditures from exceeding total receipts for a fiscal year. The prohibition excludes expenditures for repayment of debt principal and receipts derived from borrowing.
For a national emergency, two-thirds of each chamber of Congress may authorize expenditures that exceed receipts for limited times. Debts incurred from the expenditures must be paid as soon as practicable.
The amendment requires a two-thirds roll call vote of each chamber of Congress to increase the public debt limit. It also requires the President to submit a balanced budget to Congress annually.
If the President does not submit a balanced budget for a fiscal year, any executive actions may be unilaterally overturned by a simple majority vote of each of chamber of Congress until the President submits a balanced budget.
Source last updated: Jan 3, 2025. Consult Congress.gov for the current record.
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