A joint resolution proposing an amendment to the Constitution of the United States relative to balancing the budget.
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Constitutional Amendment - Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a two-thirds rollcall vote of each chamber, authorizes a specific excess of outlays over receipts.
Prohibits total outlays for any fiscal year from exceeding 20% of the gross domestic product for the preceding calendar year unless Congress, by a two-thirds rollcall vote of each chamber, authorizes a specific excess over such 20%.
Directs the President to submit a balanced budget to Congress annually.
Prohibits any bill to increase federal taxes from becoming law unless approved by two-thirds of each chamber by rollcall vote.
Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.
Read twice and referred to the Committee on the Judiciary.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S.J. Res. 3: A joint resolution proposing an amendment to the Constitution of the United States relative to balancing the budget.. 112th Congress. Open America. https://openamerica.io/bill/112-SJRES-3/
"S.J. Res. 3: A joint resolution proposing an amendment to the Constitution of the United States relative to balancing the budget.." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-SJRES-3/.
S.J. Res. 3, 112th Cong. (2026), https://openamerica.io/bill/112-SJRES-3/.
[S.J. Res. 3: A joint resolution proposing an amendment to the Constitution of the United States relative to balancing the budget.](https://openamerica.io/bill/112-SJRES-3/)