.Proposing a balanced budget amendment to the Constitution requiring that each agency and department's funding is justified.

This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year unless (1) Congress authorizes the excess by a three-fifths vote of each chamber, and (2) total outlays do not exceed a specified percentage of the estimated gross domestic product of the United States. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing.

Learn about this bill’s status and read its full summary in the Pocket Congress app.