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.
Sponsor introductory remarks on measure. (CR H5354)
- 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.. 106th Congress. Open America. https://openamerica.io/bill/106-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.." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HJRES-1/.
H.J. Res. 1, 106th Cong. (2026), https://openamerica.io/bill/106-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/106-HJRES-1/)