IA 
118TH CONGRESS 
1ST SESSION 
H. J. RES. 55 
Proposing a balanced budget amendment to the Constitution of the United 
States. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 18, 2023 
Mr. YAKYM submitted the following joint resolution; which was referred to the 
Committee on the Judiciary 
JOINT RESOLUTION 
Proposing a balanced budget amendment to the Constitution 
of the United States. 
Resolved by the Senate and House of Representatives 
of the United States of America in Congress assembled
(two-thirds of each House concurring therein), That the fol-
lowing article is proposed as an amendment to the Con-
stitution of the United States, which shall be valid to all 
intents and purposes as part of the Constitution when 
ratified by the legislatures of three-fourths of the several 
States within seven years after the date of its submission 
for ratification: 
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‘‘ARTICLE — 
‘‘SECTION 1. Total outlays for any fiscal year shall 
not exceed total receipts for that fiscal year, unless three- 
fifths of the whole number of each House of Congress shall 
provide by law for a specific excess of outlays over receipts 
by a rollcall vote. 
‘‘SECTION 2. The limit on the debt of the United 
States held by the public shall not be increased, unless 
three-fifths of the whole number of each House shall pro-
vide by law for such an increase by a rollcall vote. 
‘‘SECTION 3. Prior to each fiscal year, the President 
shall transmit to the Congress a proposed budget for the 
United States Government for that fiscal year in which 
total outlays do not exceed total receipts. 
‘‘SECTION 4. No bill to increase revenue shall become 
law unless approved by a majority of the whole number 
of each House by a rollcall vote. 
‘‘SECTION 5. The Congress may waive the provisions 
of this article for any fiscal year in which a declaration 
of war is in effect. The provisions of this article may be 
waived for any fiscal year in which the United States is 
engaged in military conflict which causes an imminent and 
serious military threat to national security and is so de-
clared by a joint resolution, adopted by a majority of the 
whole number of each House, which becomes law. Any 
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such waiver must identify and be limited to the specific 
excess or increase for that fiscal year made necessary by 
the identified military conflict. 
‘‘SECTION 6. The Congress shall enforce and imple-
ment this article by appropriate legislation, which may rely 
on estimates of outlays and receipts. 
‘‘SECTION 7. Total receipts shall include all receipts 
of the United States Government except those derived 
from borrowing. Total outlays shall include all outlays of 
the United States Government except for those for repay-
ment of debt principal. 
‘‘SECTION 8. This article shall take effect beginning 
with the fifth fiscal year beginning after its ratification.’’. 
Æ 
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