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Congress·In Committee·H.J.Res. 17

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

Congress Proposes Constitutional Amendment to Require a Balanced Federal Budget

Legislative Progress

House
Senate
President
Law

Key Points

  • This proposal would change the U.S. Constitution to require the federal government to balance its budget every year. This means the government would be banned from spending more money than it brings in through taxes and other income.
  • If the government wants to spend more than it has, two-thirds of both the House and the Senate would have to hold a special vote to allow it. This would make it much harder for the government to run a deficit or increase the national debt during normal years.
  • The President would be required to submit a balanced budget plan to Congress every single year. The rule counts all government income except for borrowed money, and all spending except for paying back the original amount of old debt.
  • To become part of the Constitution, this plan needs a two-thirds vote in both the House and Senate, and then it must be approved by 38 states within seven years. If it passes those hurdles, the new rules would start five years after the states finish approving it.
Economy FinanceTaxes

Impact Analysis

Personal Impact

Life & Work

Federal employees could face pay freezes, hiring freezes, furloughs, or layoffs as Congress tries to balance the budget each year. The federal workforce is one of the more controllable parts of government spending, making it an easy target when cuts are needed.

3
1
5
5
-2
ImpactCertaintyScopeDurationSentiment

Programs

Broader Impacts

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

Milestones

2 milestones2 actions
Jan 13, 2025House

Referred to the House Committee on the Judiciary.

Jan 13, 2025

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

Votes

No votes have been recorded for this legislation yet.

Source Information

Document Type

Congressional Bill

Official Title

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

Bill NumberHJRES 17
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on the Judiciary.

Sponsor

Cosponsors

(2)
R: 2

Analysis generated by AI. Always verify with official sources.