Bill118th CongressFiled Jan 11, 2023Economics and Public Finance
H.J.Res. 15
Proposing a balanced budget amendment to the Constitution of the United States.
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Under committee review
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What it doesSummary introduced in house (Jan 11, 2023)
This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year unless Congress authorizes the excess by a two-thirds roll call vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing.
The amendment also requires the President to submit an annual budget in which total outlays do not exceed total receipts.
What just happenedJan 11, 2023
Referred to the House Committee on the Judiciary.
Who’s behind it
Rep. Obernolte, Jay [R-CA-23](R-CA)Sponsor
1committees3actions7related bills5subjects
- Introduced in HouseJan 11, 2023
- Jan 11, 2023IntroReferralH11100
Referred to the House Committee on the Judiciary.
Judiciary Committee - Jan 11, 2023IntroReferralIntro-H
Introduced in House
- Jan 11, 2023IntroReferral1000
Introduced in House