A joint resolution proposing an amendment to the Constitution of the United States requiring that the Federal budget be balanced.

Summary

Constitutional Amendment This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year or 18% of the U.S. gross domestic product unless Congress authorizes the excess by a two-thirds vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing. The amendment requires a two-thirds vote of each chamber of Congress to levy a new tax, increase the rate of any tax, or increase the debt limit. The amendment provides any Member of Congress with standing and a cause of action to seek judicial enforcement of this amendment if authorized by a petition signed by one-third of the Members of either house of Congress. Courts are prohibited from ordering any increase in revenue to enforce this amendment.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 24 January 2017

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 24 January 2017

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• Introduced in Senate

  summary · EN · 24 January 2017

  Open at official source

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