HJRES 10 · 119th CongressIn Committeecongress.gov ↗

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

What this bill does

AI plain-language summary

This proposal would add a new rule to the Constitution saying the government cannot spend more money than it takes in during any year, unless three-fifths of both the House and Senate vote to allow it. It would also require three-fifths of both chambers to approve raising the country's borrowing limit, and it would require the President to submit a yearly budget that doesn't spend more than it brings in. These rules could be set aside during a declared war or a military conflict that seriously threatens the country's safety.

Introduced

January 3, 2025

Policy Area

Economics and Public Finance

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