Proposing a balanced budget amendment to the Constitution of the United States.
Proposing a balanced budget amendment to the Constitution of the United States.
Plain Language Summary
# Summary of HJRES 10: Balanced Budget Amendment **What the bill would do:** This proposed constitutional amendment would require the federal government to balance its budget each year, meaning total spending cannot exceed total revenue unless Congress approves the overspending with a three-fifths supermajority vote in both chambers. The amendment would also require a three-fifths supermajority to raise the debt limit and a simple majority to increase taxes. The only exceptions would be during declared wars or military emergencies that pose serious national security threats. If passed by Congress and ratified by the states, it would fundamentally change how the federal government manages its finances. **Who it affects:** This would impact all Americans, as it could significantly limit federal spending on programs like Social Security, Medicare, defense, and infrastructure.
It would also constrain Congress's ability to respond to economic crises or emergencies without extraordinary voting thresholds. Future presidents and Congress members would be bound by these requirements. **Current status:** The bill is currently in committee and has not advanced further in the legislative process. Balanced budget amendments have been proposed many times in Congress but have never achieved the two-thirds majority vote needed in both chambers to send a constitutional amendment to the states for ratification.
CRS Official Summary
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 three-fifths roll call vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing. The amendment requires a three-fifths roll call vote of each chamber to increase the public debt limit. It prohibits a bill to increase revenue from becoming law unless it has been approved by a majority roll call vote of each chamber. The amendment also requires the President to submit an annual budget in which total outlays do not exceed total receipts. Congress may waive these requirements due to a declaration of war or a military conflict that causes an imminent and serious military threat to national security.
Latest Action
Referred to the House Committee on the Judiciary.