Proposing a balanced budget amendment to the Constitution of the United States.

Summary

This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year or 18.5% of the economic output of the United States. The amendment also requires a cancellation of budget authority that is equal to the amount by which total outlays exceeded these limits during the preceding fiscal year. The amendment requires a three-fourths roll call vote of each chamber of Congress to increase the public debt limit or increase revenue. The amendment also requires the President to submit an annual budget in which total outlays do not exceed total receipts. Congress may waive these requirements due to a declaration of war or a military conflict that causes an imminent and serious military threat to national security.

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Timeline

1. 23 December 2022

   Introduced

   Referred to the House Committee on the Judiciary.

   Source: IntroReferral

2. 23 December 2022

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 December 2022

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 23 December 2022 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 23 December 2022

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 23 December 2022

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 23 December 2022

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  Vertaal document

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Sponsors

• Rep. Gohmert, Louie [R-TX-1] · R · Sponsor
• · hsju00 · Standing

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