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Proposed US Constitutional Amendment: Federal Balanced Budget Rule

This proposed change to the US Constitution aims to limit federal government spending. It would establish a rule that annual spending cannot exceed the average revenue from the prior three years, potentially impacting future public services and taxes.
Key points
Annual federal government spending would be limited to the average revenue from the past three years, adjusted for inflation and population.
In emergencies, Congress could allow higher spending, but it would require a two-thirds vote in both houses.
The amendment would be phased in over nine years after ratification.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_SJRES_42
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2022-03-17
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A joint resolution 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_SJRES_42.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-17.

What are the main provisions?

Key points include:

  • Annual federal government spending would be limited to the average revenue from the past three years, adjusted for inflation and population.
  • In emergencies, Congress could allow higher spending, but it would require a two-thirds vote in both houses.
  • The amendment would be phased in over nine years after ratification.
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 Sen. Braun, Mike [R-IN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy