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 (Oct 23, 2017)
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 happenedNov 1, 2017
Referred to the Subcommittee on the Constitution and Civil Justice.
Who’s behind it
- Introduced in HouseOct 23, 2017
- Nov 1, 2017Committee
Referred to the Subcommittee on the Constitution and Civil Justice.
Constitution and Limited Government Subcommittee - Oct 23, 2017IntroReferralH11100
Referred to the House Committee on the Judiciary.
Judiciary Committee - Oct 23, 2017IntroReferralIntro-H
Introduced in House
- Oct 23, 2017IntroReferral1000
Introduced in House