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Proposed Constitutional Amendment: Balanced Budget and Debt Limit

This proposed constitutional amendment aims to ensure that government spending does not exceed its revenue in any given year. This means the government would only be able to spend what it collects from taxes and other sources, potentially impacting public services and tax levels. Additionally, the proposal seeks to freeze the current level of public debt, which could limit future funding for large projects.
Key points
The government would not be able to spend more money than it collects in a given year, potentially leading to spending cuts or tax increases.
The public debt limit could not be increased, which might affect the government's ability to respond to economic crises.
Raising taxes would require a two-thirds vote in both houses of Congress, making it harder to introduce new financial burdens.
In emergency situations, such as wars or natural disasters, temporary spending beyond limits would be allowed, but with a requirement for prompt debt repayment.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HJRES_78
Sponsor: Rep. Boebert, Lauren [R-CO-3]
Process start date: 2022-03-21
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HJRES_78.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-21.

What are the main provisions?

Key points include:

  • The government would not be able to spend more money than it collects in a given year, potentially leading to spending cuts or tax increases.
  • The public debt limit could not be increased, which might affect the government's ability to respond to economic crises.
  • Raising taxes would require a two-thirds vote in both houses of Congress, making it harder to introduce new financial burdens.
  • In emergency situations, such as wars or natural disasters, temporary spending beyond limits would be allowed, but with a requirement for prompt debt repayment.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Boebert, Lauren [R-CO-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Economy Taxes Public Investments