Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation.
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Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts (except those derived from borrowing) for that fiscal year unless the Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over receipts.
Requires a three-fifths roll call vote of each House to increase the public debt.
Directs the President to submit a balanced budget to the Congress.
Requires the approval of a majority of each House by roll call vote before any bill to increase revenue may become law.
Authorizes the Congress to waive these provisions when: (1) a declaration of war is in effect; or (2) the United States is engaged in a military conflict which poses a threat to national security as declared by a joint resolution adopted by a majority of each House.
Makes this article effective beginning with FY 2002 or with the second fiscal year beginning after its ratification, whichever is later.
Committee Consideration and Mark-up Session Held.
- Introduced in House Formatted Text PDF
Cite this page
U.S. Congress. (2026). H.J. Res. 1: Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation.. 105th Congress. Open America. https://openamerica.io/bill/105-HJRES-1/
"H.J. Res. 1: Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation.." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HJRES-1/.
H.J. Res. 1, 105th Cong. (2026), https://openamerica.io/bill/105-HJRES-1/.
[H.J. Res. 1: Proposing an amendment to the Constitution to provide for a balanced budget for the United States Government and for greater accountability in the enactment of tax legislation.](https://openamerica.io/bill/105-HJRES-1/)