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

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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

R ObernolteSponsor

No cosponsors.

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.

What it does: CRS summary · Introduced in House · Jan 11, 2023

The amendment also requires the President to submit an annual budget in which total outlays do not exceed total receipts.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

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

Latest action (Jan 11, 2023): Referred to the House Committee on the Judiciary.

Policy area: Economics and Public Finance · Origin: House · Introduced: Jan 11, 2023

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.