.Proposing a balanced budget amendment to the Constitution requiring that each agency and department's funding is justified.
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What this bill does
AI plain-language summaryThis joint resolution proposes a constitutional amendment that would require the federal government to balance its budget each year by not spending more money than it brings in. Congress could override this rule only with a three-fifths vote in both the House and Senate, and total spending still could not exceed a certain percentage of the country's economic output. The amendment would also require a three-fifths vote in both chambers to raise taxes or increase the national debt limit, and the President would have to submit a balanced budget each year. Congress could waive these requirements during wars, military conflicts, serious military threats, or natural disasters.
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