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Congress·In Committee·H.J.Res. 10

Congress Proposes Constitutional Amendment to Require a Balanced Federal Budget

Proposing a balanced budget amendment to the Constitution of the United States.

about 1 year ago·View on Congress.gov
Part of: Congress Proposes Constitutional Amendment for Balanced Federal Budget
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Stalled

No legislative action in over 90 days.

Legislative Progress

House
Senate
President
Law

Key Points

  • This proposal would change the U.S. Constitution to require that the federal government does not spend more money than it collects in taxes and other income each year.
  • If the government needs to spend more than it has or wants to raise the national debt limit, three-fifths of both the House and Senate (60%) would have to vote 'yes' to allow it.
  • The President would be required to submit a budget to Congress every year where the total spending is equal to or less than the total money coming in.
  • Any new law intended to increase government income, such as raising taxes, would require a majority vote from the full membership of both the House and Senate to pass.
  • These rules could be paused if the United States is at war or facing a serious military threat, but Congress would still have to vote on the specific amount of extra spending needed for the conflict.
  • If this amendment is approved by two-thirds of Congress and three-quarters of the states, the new rules would officially take effect five years after it is finalized.
Economy FinanceTaxes

Impact Analysis

Personal Impact

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Broader Impacts

Score
Scores: -5 (harmful) to +5 (beneficial)Short-term: 0-2 yearsLong-term: 10-30 years

Milestones

2 milestones2 actions
Jan 3, 2025House

Referred to the House Committee on the Judiciary.

Jan 3, 2025

Introduced in House

Related Bills

3 bills
H.J.Res. 11Related bill

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

Jan 3 — Referred to the House Committee on the Judiciary.

H.J.Res. 17Related bill

Proposing a balanced budget amendment to the Constitution of the United States.

Jan 13 — Referred to the House Committee on the Judiciary.

H.J.Res. 2Related bill

Proposing a balanced budget amendment to the Constitution of the United States.

Jan 3 — Referred to the House Committee on the Judiciary.

Source Information

Document Type

Congressional Bill

Official Title

Proposing a balanced budget amendment to the Constitution of the United States.

Bill NumberHJRES 10
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on the Judiciary.

Sponsor

Cosponsors

(15)
R: 15

Analysis generated by AI. Always verify with official sources.