Proposing a balanced budget amendment to the Constitution of the United States.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 20, 2015)
Constitutional Amendment
This joint resolution proposes a constitutional amendment requiring federal expenditures and receipts to be balanced, excluding expenditures for payment of debt and receipts derived from borrowing. The requirement may be met over more than one year to accommodate economic conditions.
In emergency situations, two-thirds of the House of Representatives and the Senate may authorize expenditures to exceed receipts for a limited time. Debts from emergency expenditures must be paid as soon as practicable.
Congress may enforce the article with legislation, which must require compliance within 10 years of ratification.
What just happenedJun 1, 2015
Referred to the Subcommittee on the Constitution and Civil Justice.
Who’s behind it
- Introduced in HouseMay 31, 2016
- Sponsor ChangeMay 31, 2016
- Jun 1, 2015Committee
Referred to the Subcommittee on the Constitution and Civil Justice.
Constitution and Limited Government Subcommittee - May 20, 2015IntroReferralH11100
Referred to the House Committee on the Judiciary.
Judiciary Committee - May 20, 2015IntroReferralIntro-H
Introduced in House
- May 20, 2015IntroReferral1000
Introduced in House