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

Bill: 117-hjres-30
Sponsor: full_name: Rep. Green, Mark E. [R-TN-7]
Introduced: 2021-03-09
Policy area: Economics and Public Finance
Subjects: Budget deficits and national debt

Budget process

Congressional-executive branch relations

Constitution and constitutional amendments

House of Representatives

Legislative rules and procedure

Presidents and presidential powers, Vice Presidents

Senate

War and emergency powers
Latest action: action_date: 2021-05-18
text: Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.

Summaries:
action_date: 2021-03-09
action_desc: Introduced in House
text: <p>This joint resolution proposes a constitutional amendment prohibiting total expenditures from exceeding total receipts for a fiscal year. The prohibition excludes expenditures for repayment of debt principal and receipts derived from borrowing.</p> <p>For a national emergency, two-thirds of each chamber of Congress may authorize expenditures that exceed receipts for limited times. Debts incurred from the expenditures must be paid as soon as practicable.</p> <p>The amendment requires a two-thirds roll call vote of each chamber of Congress to increase the public debt limit. It also requires the President to submit a balanced budget to Congress annually.</p> <p>If the President does not submit a balanced budget for a fiscal year, any executive actions may be unilaterally overturned by a simple majority vote of each of chamber of Congress until the President submits a balanced budget. </p>

tv_txt: IA 117th CONGRESS 1st Session H. J. RES. 30 IN THE HOUSE OF REPRESENTATIVES March 9, 2021 Mr. Green of Tennessee 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 expenditures for any fiscal year shall not exceed total receipts for that fiscal year. Such total expenditures do not include those for repayment of debt principal and such total receipts may not include those derived from borrowing. 2. For a national emergency, two-thirds of each House of Congress may for limited times authorize expenditures exceeding those pursuant to rules established under section 1. Debts incurred from such expenditures shall be paid as soon as practicable. 3. Before each fiscal year, the President shall transmit to the Congress a proposed budget for such fiscal year for the Government in which total expenditures do not exceed total receipts. If the President fails to perform the duty imposed by this section, any executive actions may be unilaterally overturned by a simple majority vote of each House of Congress until the date on which the President submits the proposed budget to Congress. 4. The limit on the debt of the United States held by the public shall not be increased unless two-thirds of each House of Congress provides by law for such an increase by a roll-call vote. 5. For purposes of section 2, a national emergency occurs whenever a declaration of war is in effect or whenever Congress adopts a concurrent resolution declaring a national emergency. 6. Congress shall have power to enforce this article by appropriate legislation. 7. This article shall take effect beginning with the tenth fiscal year after its ratification. .