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Proposed Constitutional Amendment: Balanced Federal Budget Requirement

This proposal aims to amend the Constitution to require that federal government spending does not exceed its income in a given year, unless two-thirds of Congress votes otherwise. This could lead to tighter control over government finances, potentially impacting funding for public programs and services, but also contributing to economic stability.
Key points
Federal government spending would generally be limited to its annual income, potentially reducing national debt.
The President would be required to submit a budget where spending does not exceed revenue.
Exceptions to this rule would only be allowed with a supermajority vote (two-thirds) in Congress.
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Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HJRES_32
Sponsor: Rep. Obernolte, Jay [R-CA-8]
Process start date: 2021-03-19