Proposing a balanced budget amendment to the Constitution of the United States.
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Bill details
Summary
Introduced in House
This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year unless Congress authorizes the excess by a two-thirds roll call vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing. The amendment also requires the President to submit an annual budget in which total outlays do not exceed total receipts.
District impact notes
This joint resolution proposes a constitutional amendment to ensure that federal spending does not exceed revenue without significant congressional approval. • This policy could influence how federal funds are allocated to various programs that may impact local services and infrastructure. • Local institutions and public services may need to adjust their budgets and financial planning in response to stricter federal funding guidelines. • A potential concern could be how this amendment might limit the government's ability to respond to economic crises or unexpected expenses, which could affect local communities. AI-generated from official bill summary and plain-English note; verify with official text.
Related votes
Roll calls that reference this bill in official data.
Primary sources
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