Proposed amendment would require federal budget to balance each year
In committeeH.J.Res. 17Latest action
Sponsor: Jay Obernolte · Representative · CA
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
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This proposed constitutional amendment would require balanced federal budgets unless two-thirds of Congress votes to allow a deficit.
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What does this do?
This bill proposes a constitutional amendment requiring the federal government to balance its budget each year, spending no more than it collects unless two-thirds of both the House and Senate vote to allow otherwise. It requires the president to submit a balanced budget proposal annually and directs Congress to pass enforcement laws, using estimates when needed. If ratified, it would take effect five later.
Who does it affect?
This affects nearly every American, since it could change funding for programs like Social Security, Medicare, defense, education, and infrastructure. It also requires action from Congress, the president, and three-fourths of state legislatures for ratification.
Why does it matter?
Supporters argue it would control growth, while critics worry it could force spending cuts or tax increases during economic downturns. As a constitutional amendment, it faces a high approval bar and does not require the president's signature.
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Where does it stand?
- IntroducedJan 13, 2025
- House committeeYou are here · Jan 13, 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.
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How it's being covered
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