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Proposed Constitutional Amendment: Federal Balanced Budget Requirement

This proposal aims to amend the Constitution to require that federal government spending does not exceed its revenues. This means the government would need to manage its finances more carefully, potentially impacting public services and future tax levels. The changes are intended to limit national debt.
Key points
Federal government outlays could not exceed receipts in a fiscal year, unless 3/5 of Congress votes otherwise.
Increasing the public debt limit would require a 3/5 vote in Congress.
The President would have to submit a budget where outlays do not exceed receipts.
Raising taxes would require a majority vote in Congress by roll call.
These rules could only be waived during a declared war or a serious national security threat.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HJRES_12
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2023-01-09
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Summarized by: gemini-2.5-flash
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 118_HJRES_12.

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 2023-01-09.

What are the main provisions?

Key points include:

  • Federal government outlays could not exceed receipts in a fiscal year, unless 3/5 of Congress votes otherwise.
  • Increasing the public debt limit would require a 3/5 vote in Congress.
  • The President would have to submit a budget where outlays do not exceed receipts.
  • Raising taxes would require a majority vote in Congress by roll call.
  • These rules could only be waived during a declared war or a serious national security threat.
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. Nunn, Zachary [R-IA-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on the Judiciary.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy Courts and Law Taxes