Proposing a balanced budget amendment to the Constitution of the United States.

Bill: 117-hjres-78
Sponsor: full_name: Rep. Boebert, Lauren [R-CO-3]
Introduced: 2022-03-21
Policy area: Economics and Public Finance
Latest action: action_date: 2022-11-01
text: Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.

Summaries:
action_date: 2022-03-21
action_desc: Introduced in House
text: <p>This joint resolution proposes a constitutional amendment prohibiting (1) total outlays for a fiscal year from exceeding total receipts for that fiscal year, and (2) increases to the public debt limit. </p> <p>For emergency situations, Congress may authorize expenditures that violate these requirements for limited times if the expenditures are approved by a two-thirds vote of each chamber. Any debt incurred from these expenditures must be paid as soon as practicable. </p> <p>The amendment also prohibits legislation that increases revenue from becoming law unless it is approved by a roll call vote of two-thirds of each chamber. </p> <p>Finally, the amendment requires the President to submit a balanced budget to Congress annually.</p>

tv_txt: IA 117th CONGRESS 2d Session H. J. RES. 78 IN THE HOUSE OF REPRESENTATIVES March 21, 2022 Mrs. Boebert (for herself, Mr. Norman , Mr. Duncan , and Mr. Massie ) 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.

That the following article is proposed as an amendment to the Constitution 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: — 1. Total outlays for any fiscal year shall not exceed total receipts for that fiscal year. 2. The limit on the debt of the United States held by the public shall not be increased. 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. 4. No bill to increase revenue shall become law unless approved by two-thirds of the whole number of each House by a rollcall vote. 5. For emergency situations, the Congress may, by approval by two-thirds of the whole number of each House, for limited times authorize expenditures exceeding those pursuant to sections 1 and 2. Any debt incurred from such expenditures shall be paid as soon as practicable. 6. The Congress shall enforce and implement this article by appropriate legislation, which may rely on estimates of outlays and receipts. 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 repayment of debt principal. 8. This article shall take effect beginning with the fifth fiscal year beginning after its ratification. .