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HJRES 40 116th Congress House Economics and Public Finance Budget deficits and national debt Constitution and constitutional amendments Income tax rates Legislative rules and procedure

Proposing an amendment to the Constitution of the United States requiring that the Federal budget be balanced.

Introduced: January 30, 2019 Introduced by: Loudermilk, Barry Republican · Georgia See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 30, 2019
Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.
Jan 30, 2019
Referred to the House Committee on the Judiciary.
Jan 30, 2019
Introduced in House
 Plain-English summary Congressional Research Service

Constitutional Amendment

This joint resolution proposes a constitutional amendment prohibiting total outlays for a fiscal year from exceeding total receipts for that fiscal year or 18% of the U.S. gross domestic product unless Congress authorizes the excess by a two-thirds vote of each chamber. The prohibition excludes outlays for repayment of debt principal and receipts derived from borrowing.

The amendment requires a two-thirds vote of each chamber of Congress to levy a new tax, increase the rate of any tax, or increase the debt limit.

The amendment provides any Member of Congress with standing and a cause of action to seek judicial enforcement of this amendment if authorized by a petition signed by one-third of the Members of either house of Congress. Courts are prohibited from ordering any increase in revenue to enforce this amendment.

What's happening now January 30, 2019

Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Republican 4