Proposing an amendment to the Constitution of the United States to provide for balanced budgets for the Government.
Proposing an amendment to the Constitution of the United States to provide for balanced budgets for the Government.
Plain Language Summary
# Summary of HJRES 6: Balanced Budget Amendment **What the Bill Would Do** This proposed constitutional amendment would require the federal government to balance its budget each year—meaning the government cannot spend more money than it receives in revenue, with limited exceptions. Currently, the Constitution does not require a balanced budget, allowing Congress to spend more than it collects in taxes. Under this amendment, Congress could only authorize spending that exceeds revenue if two-thirds of both the House and Senate vote to do so. The President would also be required to submit a budget that doesn't exceed available revenue. **Key Provisions and Who It Affects** The amendment includes emergency exceptions: Congress could bypass the balanced budget requirement during wartime or if a national disaster or emergency is formally declared through a joint resolution. All Americans would potentially be affected, as a balanced budget requirement could influence government spending on programs like Social Security, Medicare, defense, and infrastructure.
Those who support the amendment argue it would reduce government debt and financial irresponsibility; critics worry it could force drastic spending cuts or tax increases during economic downturns. **Current Status** HJRES 6 is currently in committee and has not yet been voted on. The bill was introduced in the 119th Congress by Representative Brian K. Fitzpatrick (R-PA). Constitutional amendments require approval from two-thirds of both chambers of Congress before going to 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 two-thirds roll call vote of each chamber. The amendment also requires the President to submit an annual budget in which total outlays for the fiscal year do not exceed total receipts. Congress may waive the requirements for any fiscal year in which (1) a declaration of war is in effect by a roll call vote, or (2) a declaration of a natural disaster or a national emergency is in effect that was declared by a joint resolution that became law after being adopted by a majority of each chamber of Congress.
Latest Action
Referred to the House Committee on the Judiciary.