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

Summary

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.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 June 2019

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• Introduced in House (PDF)

  Introduced in House · EN · 20 June 2019

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 June 2019

  Open at official source

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