HJRES. 3In Committee
Proposing an amendment to the Constitution of the United States relative to balancing the budget.
A balanced budget constitutional amendment that caps federal spending, restricts tax and debt increases, and requires supermajority approval for specified fiscal exceptions
Plain-English overview
What this bill does
A balanced budget constitutional amendment that caps federal spending, restricts tax and debt increases, and requires supermajority approval for specified fiscal exceptions
Key points
- Require supermajority votes for tax increases
- Require balanced presidential budget
- Prohibit spending above receipts
- Limit spending to GDP cap
Current status
Where it stands
Status
In Committee
Latest action
2025-01-03 — Referred to the House Committee on the Judiciary.
Related context
Topics and policy areas
undefinedBudget deficits and national debtBudget processConstitution and constitutional amendmentsEconomics and Public FinanceIncome tax ratesLegislative rules and procedure