HJRES. 2In Committee
Proposing a balanced budget amendment to the Constitution of the United States.
A constitutional balanced budget amendment barring federal spending above annual receipts and imposing supermajority votes for debt limit and revenue increases
Plain-English overview
What this bill does
A constitutional balanced budget amendment barring federal spending above annual receipts and imposing supermajority votes for debt limit and revenue increases
Key points
- Require supermajority for debt limit increases
- Require supermajority for revenue increases
- Prohibit outlays above receipts
- Propose balanced budget amendment
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 debtConstitution and constitutional amendmentsEconomics and Public FinanceLegislative rules and procedure