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Proposed Constitutional Amendment: Federal Balanced Budget Requirement

This proposal aims to amend the Constitution to require that federal government spending not exceed the average revenue collected over the three prior years, adjusted for population and inflation. This means the government would need to manage its finances more strictly, potentially impacting funding for public programs but also promoting fiscal stability. In emergencies, Congress could temporarily allow higher spending.
Key points
Federal government expenditures would be capped at the average revenue from the three preceding years, adjusted for inflation and population changes.
In emergencies (e.g., disasters), Congress can temporarily allow spending above the limit for up to one year, with a two-thirds vote.
The full implementation of this spending limit would be phased in over nine years after ratification.
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Citizen Poll
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Additional Information
Print number: 117_HJRES_77
Sponsor: Rep. Arrington, Jodey C. [R-TX-19]
Process start date: 2022-03-17