Proposing an amendment to the Constitution of the United States relative to balancing the budget.

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 vote of each chamber. 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.