Proposing an amendment to the Constitution of the United States to provide for balanced budgets for the Government.
Introduced Jan 3, 2025 by Rep. Brian K. Fitzpatrick
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
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.
Summary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.