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 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.

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Documents

2 official files

• Introduced in House

  Introduced in House · EN · 13 January 2025

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 13 January 2025

  Open at official source

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