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Proposed Constitutional Amendment: Balanced Federal Budget

This proposal aims to add a rule to the Constitution requiring the federal government to balance its spending with its income. This means the government would need to manage money more responsibly, potentially leading to greater financial stability and a reduction in national debt, impacting future generations.
Key points
The federal government must balance its spending with its income, which can occur over more than one year.
Debt payments are excluded from spending, and borrowed funds are excluded from income.
In emergencies, two-thirds of the House and Senate can temporarily allow spending beyond the limit, with resulting debts to be paid as soon as practicable.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HJRES_80
Sponsor: Rep. Moran, Nathaniel [R-TX-1]
Process start date: 2023-07-06
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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_80.

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 2023-07-06.

What are the main provisions?

Key points include:

  • The federal government must balance its spending with its income, which can occur over more than one year.
  • Debt payments are excluded from spending, and borrowed funds are excluded from income.
  • In emergencies, two-thirds of the House and Senate can temporarily allow spending beyond the limit, with resulting debts to be paid as soon as practicable.
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. Moran, Nathaniel [R-TX-1].

What is the latest detailed status?

The latest detailed status is: Sponsor introductory remarks on measure. (CR H3601)

Is this summary verified?

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

CATEGORIES

Economy Public Investments