.Proposing a balanced budget amendment to the Constitution requiring that each agency and department's funding is justified.
.Proposing a balanced budget amendment to the Constitution requiring that each agency and department's funding is justified.
Plain Language Summary
# Summary of HJ RES 11: Balanced Budget Amendment **What It Would Do** This bill proposes a constitutional amendment that would require the federal government to balance its budget each year—meaning the government cannot spend more money than it takes in—with limited exceptions. The President would need to submit a budget where spending doesn't exceed revenue, and Congress could only approve deficit spending (spending more than it takes in) if three-fifths of both the House and Senate vote to allow it. The amendment would also require a three-fifths congressional vote to raise taxes or increase the national debt limit. Departments and agencies would need to justify their funding requests in detail. **Who It Affects and Key Provisions** This amendment would affect all Americans by potentially constraining federal spending on programs like Social Security, Medicare, defense, infrastructure, and other government services.
It includes exceptions for war or military emergencies declared by Congress. The bill also excludes debt repayment from deficit calculations. Because constitutional amendments require approval from Congress and ratification by three-fourths of state legislatures, this is a significant undertaking. **Current Status** The bill is currently in committee and has not advanced further in the legislative process. Balanced budget amendments are recurring proposals in Congress with supporters arguing they would prevent unsustainable debt and critics contending they would force harmful cuts to vital programs during economic downturns.
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 (1) Congress authorizes the excess by a three-fifths vote of each chamber, and (2) total outlays do not exceed a specified percentage of the estimated gross domestic product of the United States. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing. The amendment requires a three-fifths vote of each chamber of Congress to increase revenue or increase the limit on the debt of the United States. The amendment also requires the President to submit an annual budget in which total outlays do not exceed total receipts. The President's budget must also include justifications and specified details regarding funding proposed for departments and agencies. Congress may waive the requirements due to a declaration of war, a military conflict, an event that causes an imminent and serious military threat to national security, or a natural disaster.
Latest Action
Referred to the House Committee on the Judiciary.