Proposing a balanced budget amendment to the Constitution of the United States.
In committeeIntroducedJan 3, 2025
Policy areaEconomics and Public Finance
What this bill is intended to do
This joint resolution proposes a constitutional amendment that prohibits total outlays for any fiscal year from exceeding total receipts for that fiscal year. The amendment also prohibits (1) increases to the federal debt limit, and (2) a bill that increases revenue from becoming law unless the bill has been approved by two-thirds of each chamber of Congress with a roll call vote.
Latest action
Jan 3, 2025Referred to the House Committee on the Judiciary.
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