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118-hjres-67Committee
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Proposing an amendment to the Constitution of the United States requiring that the Federal budget be balanced.

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Summary

Official CRS summary

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 chamber of Congress. Courts are prohibited from ordering any increase in revenue to enforce this amendment.

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Bill details

Congress
118
Bill type
hjres
Introduced
June 9, 2023
Sponsor
Not yet available
Last action
June 9, 2023— Referred to the House Committee on the Judiciary.

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