HJRES 17 · 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 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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