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HJRES 15 118th Congress House Economics and Public Finance Budget deficits and national debt Budget process Constitution and constitutional amendments Legislative rules and procedure Presidents and presidential powers, Vice Presidents

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

Introduced: January 11, 2023 Introduced by: Obernolte, Jay Republican · California See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 11, 2023
Referred to the House Committee on the Judiciary.
Jan 11, 2023
Introduced in House
 Plain-English summary Congressional Research Service

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

The amendment also requires the President to submit an annual budget in which total outlays do not exceed total receipts.

What's happening now January 11, 2023

Referred to the House Committee on the Judiciary.

 Committees of jurisdiction 1