HJRES 17 · 119th CongressIn Committeecongress.gov ↗
What this bill does
AI plain-language summaryThis proposal would add a new rule to the Constitution saying the government cannot spend more money in a year than it brings in, unless two-thirds of both the House and Senate vote to allow it. Money used to pay back loans and money raised by borrowing wouldn't count in this calculation. It would also require the President to submit a yearly budget plan where spending doesn't go over the amount of money coming in.
Introduced
January 13, 2025
Policy Area
Economics and Public Finance
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