Proposed amendment would require federal budget to balance each year
In committeeH.J.Res. 10Latest action
Sponsor: Zachary Nunn · Representative · IA
AIDecoded by AI · checked against the recordRead the official text
Official title: Proposing a balanced budget amendment to the Constitution of the United States.
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
The plain-language version comes first. The official text is always the reference.
A proposed constitutional amendment would force the federal government to balance its budget unless of Congress votes otherwise.
55-second read · 4 questions answered below
What does this do?
This proposed constitutional amendment would require the federal government to not spend more than it collects each year, unless of both the House and Senate approve otherwise through a . The same three-fifths threshold would apply to , the president would have to submit a balanced budget each year, and tax increases would need majority approval with a recorded vote. Rules could be waived during a declared war or serious military conflict, and the amendment wouldn't take effect until five years after state ratification.
Who does it affect?
This would affect virtually everyone in the country, since it could reshape federal funding for programs like Social Security, Medicare, defense, and other services.
Why does it matter?
Supporters argue it would force fiscal discipline and reduce long-term debt, while critics worry it could limit the government's ability to respond quickly to recessions, disasters, or other crises requiring flexible spending. As a constitutional amendment, it faces a very high bar: two-thirds approval in both chambers of Congress and ratification by three-fourths of state legislatures.
AI-drafted summary. Check it against the official text before you act on it.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedJan 3, 2025
- House committeeYou are here · Jan 3, 2025
- House vote
- Senate
- Sent to the states
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House. Both chambers have to pass the same text, each by two thirds. A proposed constitutional amendment never goes to the president: it goes to the states, and three quarters of them have to ratify it before it takes effect.
Latest action: — Referred to the House Committee on the Judiciary.
See how a call works
How it's being covered
Coverage of this bill from across the press. Each outlet's political lean is labeled where AllSides has rated it, and marked "Not rated" where it has not.
Newest of these articles:
Coverage of this bill so far comes from one side of the spectrum. Read it with that in mind.
fortune.com
Not rated
americanthinker.com
Leans right
fortune.com
Not rated
Lean labels describe the news outlet, not this bill or any party. Ratings by AllSides.